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A comment on Oil companies scramble to find workers despite boom. Parent comment

Re:Oil companies scramble to find workers despite boom by nine_zeros on Saturday April 30, 2022 @07:38PM (#31220558)
I think most industries could do way better by cutting exec and management pay during hard times than laying people off entirely.

The layoff, rehire cycle is a clear demonstration of how management wants to have their cake, eat it too, succeeding at it for a short time and then complaining that they can't find any workers.

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Re:Oil companies scramble to find workers despite boom by CydeWeys on Saturday April 30, 2022 @07:50PM (#31220647)
My first company did that through the 2008 recession and it was really nice of them. Nobody got raises and nobody got bonuses (which significantly impacted higher-ups more as much more of their pay consisted of bonuses). The three co-founders barely even took any salary at all.

But no one was laid off. All that happened was that one guy who had temporarily left to finish a master's degree wasn't rehired as expected (I think it also didn't help that he wasn't that good).

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