Silicon Valley CEOs Are Buying Luxury Mansions Before Huge Staff Layoffs

Once again, the timing is highly suspicious.

In September, Liu purchased a $31 million house in Beverly Hills.

September was basically a month ago, when everyone already was talking about CEOs missing targets heading into recession.

However, this CEO didn’t even really acknowledge the times, just that he likes to break the necks of his staff.

“In trying to do too many things at once, we have grown our organization at a breakneck pace over the past few years,” Airtable CEO and co-founder Howie Liu said in the note to staff. […] Unlike many other tech layoffs of late, the company’s note did not acknowledge broader economic issues as part of the layoffs — and only alluded to outsized growth in recent years.

$31 million is a lot of broken necks.


Update Dec 12: Head of children’s charity paying himself an absurd $2m/day demands Google fire “overpaid” staff to increase margins (and put children at risk).

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