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A comment on Why “Copycat” Layoffs Won’t Help Tech Companies – Or Their Employees. Parent comment

Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by zht on Sunday January 22, 2023 @01:44PM (#34480746)
You would need more than 10 percent pay cut to offset 10 percent in personnel spend. Health insurance/benefits is a significant source of spending
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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by vineyardmike on Sunday January 22, 2023 @01:46PM (#34480786)
This probably is less true in tech where the salaries are higher.
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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by farmdawgnation on Sunday January 22, 2023 @01:50PM (#34480845)
"Less true" is a bit of a bold statement here. It's still _true_, but you're right in saying that the additional percentage you would need to affect the change might be different between different industries.

It's also possible to optimize costs on the benefits themselves to avoid needing to do that, at times.

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