Japan has laws that say executives must take a pay cut before they can lay anyone off
Comment on Has Xbox Considered Laying One Person Off Instead Of Thousands
emb@lemmy.world 3 weeks ago
There should be a rule on how many people of how many times layoffs can happen before leadership gets let go instead.
ZephyrXero@lemmy.world 3 weeks ago
j0ester@lemmy.world 3 weeks ago
But the billionaires are for us in the US! Herp derp
Rai@lemmy.dbzer0.com 3 weeks ago
The place I work for is having an executive pay cut… but with tons of threats of other layoffs and chafing benefits for the worse. It’s really cool. I bet the top execs have pay cuts equal or less than one regular worker.
pupbiru@aussie.zone 3 weeks ago
over COVID, the company i worked for did the best possible thing: they called an all hands and said they didn’t want to let anyone go, but would likely need to unless everyone took a voluntary 20% pay cut for a bit… they expressed that not everyone is in the position to do that, and if you can’t you shouldn’t feel bad… executives and leadership making the decision took a 40% pay cut for the same period, and any profit that the company made went to reimburse people’s salaries in proportion to the amount they lost. they didn’t have to fire anyone, and we ended up getting about half of it back
grrgyle@slrpnk.net 3 weeks ago
That’s great. It’s like you were temporarily a worker’s co-op.
I remember my company at the time also admitted that COVID was threatening the bottom line and many in the all hands and public chats suggested just what your company did.
Instead we got multiple rounds of gutting layoffs mid-pandemic, a mass exodus of core talent, and the founders selling out to some B tier silicon valley fucks who fly in every now and then to complain about morale.
jjjalljs@ttrpg.network 3 weeks ago
So many places seem to be run by idiots, if your metrics are other than “personal enrichment”.
Like, one of my old jobs, the CEO laid off almost everyone and is now banging hard on the “return to office” drum. Like, my guy, how is making people do a 2 hour commute going to help? It’s a small company, he knows most of the people live that far away. And then they go into the office, and they end up doing these like hour+ long lunches. Or they leave early for drinks.
It’s fucking stupid. It’s the CEO driving with his emotions. He wants to feel like a big business man with an office, and he wants to have fun socializing. Idiot. Fun guy to hang out with, but he’s making pants on head stupid business decisions. And there’s nothing any of us can do about it.
grrgyle@slrpnk.net 3 weeks ago
Same thing with open concept offices. To extraverts it feels more productive and collaborative, but it’s actually the oppo to anyone engaged in any kind of focus work.