This quote kind of stopped me in my tracks. It seems to say that as a leader, you should cower to wait until others do what you don’t have the balls to do. So you wait and as soon as the other shoe drops, you finally then step up to do it yourself on behalf of the firm. Wow, that is real leadership!
“My guess is that a good number of firms have been thinking about right-sizing and waiting for someone to provide them cover and we’ll see more of these moves. As difficult as layoffs are, it seems that they will be necessary for some firms to get in sync with the current market dynamics.”