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A comment on On eve of bankruptcy, US firms shower executives with bonuses. Parent comment

Re:On eve of bankruptcy, US firms shower executives with bon... by kelnos on Saturday July 18, 2020 @08:18AM (#23880893)
And how does the current system not cause huge job losses? The people who stand the most to lose when they lose their jobs still end up losing their jobs, either way.

The people who are remaining at the company after the layoffs are -- if the layoffs are done right -- the most valuable people, who would have the least trouble finding a new job if the restructuring fails.

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Re:On eve of bankruptcy, US firms shower executives with bon... by koheripbal on Saturday July 18, 2020 @10:07AM (#23881471)
The fact that we have both forms of bankruptcy, and that both are used, means that some companies survive and hence jobs survive as a result.
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