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The employees who stay get paid more than if everyone stayed. Same idea as with unions, you're splitting the pie into less slices so each is bigger.
by scottyah 4y ago
The employees who stay get paid more than if everyone stayed. Same idea as with unions, you're splitting the pie into less slices so each is bigger.
- UncleMeat 4y agoIt isn't the same sized pie in both situations. There's shit that won't get done by my team anymore. I just sent an email to a stakeholder group telling them that I have to kill a valuable project. It isn't like if Google fired 95% of people that comp for the remainder would hit $10m a person.
- maximinus_thrax 4y ago> The employees who stay get paid more than if everyone stayed As someone who survived numerous rounds of layoffs, that's not true. The employees who stay get to work more (under more job security pressure) but that's about it. It's not like the wages of the workers who get laid off are reallocated as bonuses for the remaining employees.
- morepork 4y agoGoogle pays a large amount of stock based comp, so at least that part of their wages will likely go up, at least in the short term.