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They were foolish/fickle/myopic/selfish to hire them in the first place. Companies have treated beneficial market conditions as an opportunity to make a land-gr
by offices 3y ago
They were foolish/fickle/myopic/selfish to hire them in the first place. Companies have treated beneficial market conditions as an opportunity to make a land-grab for employees without a plan for how to afford them just a couple of years later - after the employee has organised their life and their family's life around the expectation that they were more than a temporary contractor.
If an individual took advantage of cheap credit to buy a car & flogged it while being underwater on the loan shortly after, we'd rightly judge it as a financial mistake. When a CEO does it with people's livelihoods and social circles at stake, it's applauded.