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When there are layoffs and the CEO keeps his job people complain, when there are layoffs and the CEO leaves people complain. I think the takeaway is that people

When there are layoffs and the CEO keeps his job people complain, when there are layoffs and the CEO leaves people complain. I think the takeaway is that people just like to complain

hobs 3y ago
It is genuinely difficult to suddenly lose your job and reallocate all your time and energy on new projects, I don't see anyone wouldn't complain about that.
- realinfo 3y ago
  [flagged]
ethanbond 3y ago
Or people like complaining about bad things and layoffs are bad?
lnsru 3y ago
CEO gets always the money. For example: https://www.cnbc.com/amp/2014/04/17/fired-yahoo-exec-gets-58m-for-15-months-of-work.html https://www.cnbc.com/amp/2014/04/17/fired-yahoo-exec-gets-58... While workers get in best case severance package and unemployment benefits.
- ceejayoz 3y ago
  I one worked at a publicly traded company that did furloughs; we got emails from the CEO along the lines of "I feel your pain, I'm taking one too". Six months later the execs got bonuses for successful cost-cutting. Those bonuses were roughly equal to the amount the two-week furloughs saved across the company.
  - jacquesm 3y ago
    The 'one' referred to yours.
GoToRO 3y ago
People complain because they were paid like employees but they were treated like contractors. The rest doesn't change their situation: the jobs are not back just because the CEO left.
- deleted 3y ago
  [deleted]
- hef19898 3y ago
  The downside of at-will employment. Personnaly, I don't see any upsides, but I lost count of how often the employee protection in, e.g., Europe were brought up as, besides taxes, the main reason why start-ups and tech companies outside the US just aren't competitive. How things change, right?
  - heavenlyblue 3y ago
    > the main reason why start-ups and tech companies outside the US just aren't competitive Citation needed
    - hef19898 3y ago
      I never believed that, people claim it so...
wahnfrieden 3y ago
[flagged]
ignoramous 3y ago
The takeaway is folks hate layoffs. Context matters though: Peloton is going to save $800m/yr in expenses by laying off 20% of its workforce. It is a viable bet to take in this case.
b3lvedere 3y ago
People (the workforce) complain about the total lack of respect and honesty. They couldn't care less if the CEO was on or off the company after such disasters, because the CEO usually has plenty of money to sustain his family for a decade without worrying too much. The workforce usually does not have that luxury.
rendaw 3y ago
I think when the CEO keeps his job people complain, when he leaves with a golden parachute people complain because they want him to be be punished/have skin in the game if he's going to lay off lots of people.
PartiallyTyped 3y ago
> TOKYO – Nintendo CEO Satoru Iwata is to take a 50 percent pay cut for five months to atone for losses at the game giant, while other senior executives, including Mario creator Shigeru Miyamoto, will forego 20 to 30 percent of their salaries. https://www.hollywoodreporter.com/lifestyle/arts/nintendo-ceo-take-50-percent-675228 https://www.hollywoodreporter.com/lifestyle/arts/nintendo-ce... People actually liked that and respect them a lot more. Is it symbolic? Given their wealth, yeah. But the problem is the golden parachute, a slap on the wrist and lots of money to leave.
- deleted 3y ago
  [deleted]
- hef19898 3y ago
  Still a far cry from folks like Neuman. And he is seen by somenas great example of a founder, opinions are different. Those Nintendo execs did the right thing so, I almost dare call it honorable.

When there are layoffs and the CEO keeps his job people complain, when there are layoffs and the CEO leaves people complain. I think the takeaway is that people just like to complain

hobs 3y ago

It is genuinely difficult to suddenly lose your job and reallocate all your time and energy on new projects, I don't see anyone wouldn't complain about that.

realinfo 3y ago
[flagged]

ethanbond 3y ago

Or people like complaining about bad things and layoffs are bad?

lnsru 3y ago

CEO gets always the money. For example: https://www.cnbc.com/amp/2014/04/17/fired-yahoo-exec-gets-58m-for-15-months-of-work.html https://www.cnbc.com/amp/2014/04/17/fired-yahoo-exec-gets-58... While workers get in best case severance package and unemployment benefits.

ceejayoz 3y ago
I one worked at a publicly traded company that did furloughs; we got emails from the CEO along the lines of "I feel your pain, I'm taking one too". Six months later the execs got bonuses for successful cost-cutting. Those bonuses were roughly equal to the amount the two-week furloughs saved across the company.
- jacquesm 3y ago
  The 'one' referred to yours.

GoToRO 3y ago

People complain because they were paid like employees but they were treated like contractors. The rest doesn't change their situation: the jobs are not back just because the CEO left.

deleted 3y ago
[deleted]
hef19898 3y ago
The downside of at-will employment. Personnaly, I don't see any upsides, but I lost count of how often the employee protection in, e.g., Europe were brought up as, besides taxes, the main reason why start-ups and tech companies outside the US just aren't competitive. How things change, right?
- heavenlyblue 3y ago
  > the main reason why start-ups and tech companies outside the US just aren't competitive Citation needed
  - hef19898 3y ago
    I never believed that, people claim it so...

wahnfrieden 3y ago

[flagged]

ignoramous 3y ago

The takeaway is folks hate layoffs. Context matters though: Peloton is going to save $800m/yr in expenses by laying off 20% of its workforce. It is a viable bet to take in this case.

b3lvedere 3y ago

People (the workforce) complain about the total lack of respect and honesty. They couldn't care less if the CEO was on or off the company after such disasters, because the CEO usually has plenty of money to sustain his family for a decade without worrying too much. The workforce usually does not have that luxury.

rendaw 3y ago

I think when the CEO keeps his job people complain, when he leaves with a golden parachute people complain because they want him to be be punished/have skin in the game if he's going to lay off lots of people.

PartiallyTyped 3y ago

> TOKYO – Nintendo CEO Satoru Iwata is to take a 50 percent pay cut for five months to atone for losses at the game giant, while other senior executives, including Mario creator Shigeru Miyamoto, will forego 20 to 30 percent of their salaries. https://www.hollywoodreporter.com/lifestyle/arts/nintendo-ceo-take-50-percent-675228 https://www.hollywoodreporter.com/lifestyle/arts/nintendo-ce... People actually liked that and respect them a lot more. Is it symbolic? Given their wealth, yeah. But the problem is the golden parachute, a slap on the wrist and lots of money to leave.

deleted 3y ago
[deleted]
hef19898 3y ago
Still a far cry from folks like Neuman. And he is seen by somenas great example of a founder, opinions are different. Those Nintendo execs did the right thing so, I almost dare call it honorable.