My friend's company (he was VP of Software & IT at a non-tech company) had a habit of meetings with no particular agenda and no decisions that needed making. Just meeting because it was on the calendar, discussing any random thing someone wanted to blab about. Not how my friend ran his team but that was how the rest did.
Then they had some disappointing results due to their bad decision-making elsewhere in the company, and they turned to my friend and said "Let's lay off some of your guys."