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Wall St usually looks at cost reductions favourably, so his share options will likely go up making him many more millions. Those are the consequences for him.
by rwmj 4y ago
Wall St usually looks at cost reductions favourably, so his share options will likely go up making him many more millions. Those are the consequences for him.
(Edit: Before the obvious replies of "but but Google stock is already down 30%", the whole market is down over the last year.)
- roland35 4y agoThis was a point that was brought up after the Meta layoffs. Yes the executives lost a lot of money before the layoffs - but they also benefited the most from the post layoff bounce! And none of them were laid off…