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> Im seriously asking for legit solutions. A few months of director+ level pay cut before layoffs. A few C-level folks taking pay and stock cut to retain empl
by nine_zeros 4y ago
> Im seriously asking for legit solutions.
A few months of director+ level pay cut before layoffs.
A few C-level folks taking pay and stock cut to retain employees before layoffs.
When layoffs come, fire the bad decision makers before rank and file.
- cortesoft 4y agoThey are laying off 260 employees. Lets say they average $100k in salary. The rule is generally that the cost to a company is 1.4x the salary, so $140,000 per employee. That is $36.4 million dollars. At a place like Plaid, I am guessing even cutting C-level salaries to zero wouldn't put much of a dent in that amount... and you still need someone to lead the ship.
- stu2b50 4y agoThat wouldn’t accomplish anything but symbolically (which some companies have done, eg Chesky reducing his salary to 0 during the AirBnB layoffs). In the end director+ level comp is a drop in the bucket to the bottom line. It buys no time. Always firing the CEO when they make bets that don’t turn out just causes corporate stagnation since executives will always take the safe option if those are the incentives.