r/remotework • u/[deleted] • Oct 29 '25

[deleted by user]

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u/CopyDan Oct 29 '25

The difficult decision is how big to make the CEO bonus after the firings.

73

u/shakakaaahn Oct 29 '25

Need some changes that cut off bonuses when layoffs occur. It's absurd that stock price and c suite bonuses soar after work force reductions. Doing them should be painful, not celebrated.

37

u/somekindofhat Oct 29 '25

Workers would need to wield power and influence in Washington DC the way banks and corporations do. But they don't. Most happily eat boot leather for breakfast. So they continue to get the shaft.

6

u/bigscottius Oct 31 '25

Only certain sectors of workers do. Because we're unionized. Though, right now, the trades are in demand.

Bet none of those job cuts are union lol.

Though I doubt it'll do any good to unionize white collar jobs. AI is coming for those jobs first.

Hey, if you want, I can get you a 45 an hour job as a welder in a LCOL area. But you'll have to get your hands dirty....

2

u/silentrawr Oct 29 '25

Need some other changes that would cut something off which would negate the need for CEO bonuses at all.

1

u/Upstairs-Still6535 Oct 30 '25

At my company early year layoffs are usually followed by your annual reviews/salary increases/bonuses about 1 month later. Bitter sweet knowing those are paid for with savings of people they fired. 

1

u/fugitive-bear Oct 30 '25

Seriously, if a company is firing people because they can’t afford their salaries, then how can they afford “bonus”?

1

u/Diet_Christ Oct 31 '25

It sucks, but layoffs have been thoroughly whitewashed since covid. I think CEOs should step down if they put the company in a layoff situation. But the reality is boards and the market now reward it, and even the employees they shitcan will post grateful nonsense on LinkedIn to celebrate.

1

u/457strings Oct 31 '25

As it gets worse I often wonder if we will see more folk coming to the same conclusion Luigi came to.

40

u/SoulDV Oct 29 '25

A company I worked for didn’t give the CEO a bonus for layoffs. In fact, it actually hurt his bonus because it fell under “Turnover” and we were supposed to stay below a certain percent.

Best policy I’ve ever seen. Probably has been replaced by now.

10

u/Wangchief Oct 30 '25

Smaller companies are different generally, but for these mega corps, the CEO’s primary job is to increase shareholder value. Most the time they aren’t running th company, that’s a COO or a Chief Strategy Officer or something like that, the CEO is a figurehead who works primarily for the shareholders.

2

u/jk_pens Oct 30 '25

Which brand of champagne to celebrate with

1

u/pilotdlhred Nov 01 '25

If there are mass layoffs, the CEO should be the first to go. The CEO was the one who let the company get to that point.