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Those are examples of layoffs in general, but the objectionable thing about OPs scenario is a layoff followed by an increase in the CEO or executive pay of arou
by wilg 2y ago
Those are examples of layoffs in general, but the objectionable thing about OPs scenario is a layoff followed by an increase in the CEO or executive pay of around the same amount of value as was cut. I would expect CEO pay increases to cost less much less than a large layoff like these.
- tubthumper8 2y ago> Alphabet CEO Sundar Pichai was awarded compensation worth more than $225 million in 2022, which marked a staggering 3,474% increase from the previous year, making him the nation's highest-paid CEO, according to Equilar data. If I did the math right, the increase was $218,500,000 and they laid off 12,000 workers (higher than the 10k predicted in the article) so the pay increase was about $18,200 per worker laid off. That's just the CEO, so unknown if other executive also received increases. Perhaps that's within your acceptable range, I'm not sure
- Sohcahtoa82 2y agoI find it absolutely reprehensible to give a raise of any kind to the C-Suite while doing massive layoffs. If there's a massive amount of overhiring happening, then the CEO takes responsibility for that. It doesn't make sense to give a raise to someone doing a poor job.