<story><title>A message from Twilio CEO Jeff Lawson: 11% workforce cut</title><url>https://www.twilio.com/blog/a-message-from-twilio-ceo-jeff-lawson</url></story><parent_chain><item><author>tibbon</author><text>When CEOs say they take full responsibility, I think they should take a material cut in equity and compensation. Otherwise it is just empty words for them to feel no consequences except a better balance sheet.&lt;p&gt;Or better yet, step down and let someone else run the show</text></item></parent_chain><comment><author>coredog64</author><text>This came up in the Patreon discussion yesterday.  Twilio is giving decent severance packages (12 weeks plus week per year of service) and is accelerating vesting.  Both of those impact the bottom line and should have a material impact on C-suite compensation.</text></comment>
<story><title>A message from Twilio CEO Jeff Lawson: 11% workforce cut</title><url>https://www.twilio.com/blog/a-message-from-twilio-ceo-jeff-lawson</url></story><parent_chain><item><author>tibbon</author><text>When CEOs say they take full responsibility, I think they should take a material cut in equity and compensation. Otherwise it is just empty words for them to feel no consequences except a better balance sheet.&lt;p&gt;Or better yet, step down and let someone else run the show</text></item></parent_chain><comment><author>josho</author><text>The incentives here are wrong.&lt;p&gt;During the early phase of a company the goal is growth. Hire. Scale. Build. Win the land grab at all costs.&lt;p&gt;Years later when growth has slowed it becomes important to transition to operational efficiency. For many startups that means lowering headcount some just from attrition, but right now it seems layoffs is in style to accelerate the transition.&lt;p&gt;Regardless, investors pushed the CEO to grow fast. Under the current model it isn&amp;#x27;t fair to punish the CEO for executing on their mandate. I acknowledge it isn&amp;#x27;t fair to the employees either. Just offering a different perspective.</text></comment>