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No. Hiring like crazy when interest rates are low and cutting back when they are not is proper management.

The economy correctly drives company behavior, and that's not a CEO's fault.

I don't believe I blamed the CEO specifically. I hinted at upper management for bad estimations which includes more than the C-suite.

Making promises you can't keep, or being wasteful or grossly overestimating your capacity to deliver is a sign of mismanagement.