Comment by Adiqq
It would be too much to ask to have fair and equal society, so instead we observe how capitalism/fascism will ruin the world over and over again.
It would be too much to ask to have fair and equal society, so instead we observe how capitalism/fascism will ruin the world over and over again.
In regards to fairness, many times these cuts are based what group you are in, rather than performance. You wonder, hypothetically, would the L5s and above all agree to accepting a 20% pay cut in exchange for not having layoffs. It strange that one person keeps the job paying $500K, while the other unlucky one will have trouble getting a new $150K job due to the terrible job market.
FWIW, the employees in question are at least in the 90th percentile of US salaries if not 99th percentile (L5 is ~ $250K, L6 is ~ $399K, and L7 is north of $500K)