It's not a matter of lay-off vs retention. Almost every company has been thru laying-off. Rather, it's a matter of integrity, respect, and investor risk control.
It's a huge flag for the CEO to blatantly tell lies! Employees are investors , they trust the company and the C-level executives first, then they invest their precious times and human resources so heavily into the company. However, there was such a sudden unannounced "rug pull" over the last month.
The CEO should be honest, transparent, and upfront about this. But hey look what he did instead: he hided critical financial info all the time, and he lied about the magnitude of the lay-off! Even worse, he thought "crypto.com is not a public company, he has the right to withhold info"... But please, i) CRO (Cronos) is a token that's traded publicly, and ii) private companies has the obligation to be frank and obligation to disclose material info to its own employees, coz employees are also investors.
If the CEO disrespects employees today, will you believe he will respect investors tomorrow? Mr. Kris Marszalek's behavior and attitude during the lay-off and town-hall meeting is a clear negative indication (red flag) of the risk of further investing in this company. Investors and stakeholders, please be aware!
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Recession is when your coworker loses his job.
Depression is when you lose yours.
And recovery is when Kris Marszalek loses his
