Wayfair CEO Niraj Shah tells employees to ‘work longer hours’ in year-end email::Wayfair CEO Niraj Shah sent a year-end note to employees, suggesting they work longer hours and do better at mixing work with their personal lives.
Wayfair CEO Niraj Shah tells employees to ‘work longer hours’ in year-end email::Wayfair CEO Niraj Shah sent a year-end note to employees, suggesting they work longer hours and do better at mixing work with their personal lives.
100%. It’s not a good sign even if judged from a totally heartless position, but like you said, CEOs like this are backed by investors who think similarly.
It’s such a myth that these attitudes are “just business”. It’s become so obvious that many investors and executives will go to war against the people who generate wealth for them out of habit and ideology even when every business school lesson tells them that they’re gonna kill a golden goose. Oh well.
Fully agreed, it’s almost a textbook indication of how established businesses harm themselves from short-term plays, except both sides actively want the harm because they can just push the damage onto the employees.
With luck, the golden goose moment isn’t too far away, although with tech in particular, it’s been sad to see that over the last decade most people dream not of creating “the next Google”, but to land a cushy FAANG job and to rest and vest.