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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 TrainedMonkey on Sunday January 22, 2023 @02:07PM (#34481089)
This ignores the morale. I've been in both situations and the pay cut definitely felt like "we're in this rough economic situation together". Compare this with a layoff where I made my peace while waiting for "you still have a job email" and started interviewing shortly after. Of course pay cuts always ignore shareholders as they are really getting the benefit of paying less for same number of people.
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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by roncesvalles on Sunday January 22, 2023 @02:16PM (#34481207)
Exactly. I think a 10% pay cut with no layoff would create a sense of job security that most people would consider well worth a 10% cut.
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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by halgir on Sunday January 22, 2023 @03:00PM (#34481616)
> Of course pay cuts always ignore shareholders as they are really getting the benefit of paying less for same number of people.

Perhaps this could be mitigated by equity-based compensation equal to the amount reduced in salary. It won't make up for the lost cash, especially if the company is in a place where it needs to take such measures, but it would give more meaning to the "in it together" message.

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Re:Why “Copycat” Layoffs Won’t Help Tech Companies – Or Thei... by Gibbon1 on Sunday January 22, 2023 @05:34PM (#34482976)
Back before shares were liquid assets a shareholder often was required to put money back in the company when it hit a rough patch or lose their shares.
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