this post was submitted on 24 Jan 2024
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We need laws around layoffs, stat. It shouldn't be legal for execs to layoff a thousand people and still keep their own jobs. It's their failure that caused the issue in the first place - they've been safe for too long.
And what would that law be?
I mean, I'm not a lawmaker, but ideally if execs do layoffs they should either have to also layoff a certain percentage of upper level execs dependent on the # of people laid off, and/or the company or execs should have to pay fees dependent on the # of people laid off.
No C suite bonuses if layoff happened within the year and no share buybacks for companies who initiated layoffs in that year either.