BlogMyKarma

Google’s recent layoffs are just one artifact of a corporate structure that has accumulated baggage. Employee Ownership fixes this. This post takes a deductive approach towards proposing a corporate structure rooted in the principle of “Don’t be evil”.  Employee ownership has proven great for investors too in the long term.

In my post, I trace Google’s journey from 2004 to today.

• In 2004, Google founders took a $1 salary, applied a world positive lens, and broke conventional norms on corporate governance. Result: Phenomenal shareholder returns
• In 2023, the company has become an amalgamation of in-absentia founders with outsized controlling votes, execs & employees incentivized on short 2 to 3 year timeframe, and investors driving from the backseat. Result: Layoffs and cognitive dissonance on growth story
• On layoffs: Punishing execs for conducting layoffs is not going to fix anything. Even the broader equity compensation structure is broken. It is not the same as true employee ownership

My post explains why employee-ownership rooted in the principle of “Don’t be evil” is the right solution for Google. More broadly, #EmployeeOwnership has proven successful for investors too.

Learn more by reading my post. I’d love to hear what others think about employee ownership at Google, and even more generally.

#layoffs #googlelayoffs #metalayoffs #amazonlayoffs #microsoftlayoffs #bigtech #google #SMB #silvertsunami #businessowners #incentives

Links to topics mentioned in the blog post:

Softbank's Masa Son has bred many Brewsters like Adam of WeWork and Ritesh of OYO Rooms. This episode is a satirical opinion piece outlining OYO Hotels current challenges, how it got there, and how it can emerge out of it.