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Joined 11 months ago
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Cake day: August 17th, 2023

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  • Here’s the deal: these people aren’t being laid off because the company is losing money, they are being laid off because the company is not making as much money as it predicted it would last quarter.

    Now, not making as much money as you thought while still being profitable is not a bad thing except for one person: the c-level executive.

    The c-level has profit targets he needs to hit to unlock a huge bonus. Hundreds of thousands of dollars are at stake for him, that one individual.

    So these hundreds of people aren’t losing their jobs so the company can thrive and be healthy. They’re losing their jobs so one person can make hundreds of thousands of dollars more on top of their existing salary which was always guaranteed to them.