this post was submitted on 04 Aug 2023
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Is the CEO quitting as part of the 6000? No?
Watch out for his massive bonus for having efficiently reduced the payroll!
Layoffs happen, stock goes up, bonuses go out, services suffer; while profits stay basically the same, because the other options are doing the same thing, and we no longer live in a world where these services are optional. Such is the cycle of modern capitalism. >>
More like "with heavy wallet".
I wonder how how many jobs he could save if he gave up his bonus.
CEOs are always the first to get bonuses when things don't go well. But when your company has to cut thousands of jobs?