I mean, have they not started? Pretty sure I lost my job earlier this week in a mass tech layoff, more to come next week.
The kicker is we saw the bad decision coming, we told them, we protested with all we had. They admitted that is was their fault, but now need layoffs.
100% of the executive team was kept on board, the.CEO saying that they have been punished enough with the stock price. So yeah, doesn’t matter who is to blame and if you caught them red handed, it would still be your fault. Theyre laughing at us.
My company has done 6 layoffs in the past 18 months, all because of a bad bet the previous CEO made. It’s amazing how one person can tank a company, cost 100s of people their livelihoods, and walk away with a golden parachute and a new job of equal level at another larger company.
I've only ever seen an executive be punished for one thing: bad mouthing the company. Anything else they skate on. Accountability and consequences are for the peons.
RedditWanderer@lemmy.world 5 months ago
I mean, have they not started? Pretty sure I lost my job earlier this week in a mass tech layoff, more to come next week.
The kicker is we saw the bad decision coming, we told them, we protested with all we had. They admitted that is was their fault, but now need layoffs.
100% of the executive team was kept on board, the.CEO saying that they have been punished enough with the stock price. So yeah, doesn’t matter who is to blame and if you caught them red handed, it would still be your fault. Theyre laughing at us.
TWeaK@lemm.ee 5 months ago
Yes because making less profit is the same as losing your entire income.
RedditWanderer@lemmy.world 5 months ago
A lot of people are paid a decent part of their comp through stocks too, they almost double my salary over the 4 year vesting period.
spacecowboy@sh.itjust.works 5 months ago
No offence, but fuck shareholders. They’re a giant part of society’s woes.
vagrantprodigy@lemmy.whynotdrs.org 5 months ago
My company has done 6 layoffs in the past 18 months, all because of a bad bet the previous CEO made. It’s amazing how one person can tank a company, cost 100s of people their livelihoods, and walk away with a golden parachute and a new job of equal level at another larger company.
Cylusthevirus@kbin.social 5 months ago
I've only ever seen an executive be punished for one thing: bad mouthing the company. Anything else they skate on. Accountability and consequences are for the peons.