Re:Amazon to lay off 9,000 more workers after earlier cuts
by njbooher on Monday March 20, 2023 @03:52PM
(#35237612)
Employees typically depend on their salaries to pay for necessary living expenses. If they lose their job, they need to get another one, or they'll eventually go broke.
Any CEO making $10M/yr would only need to work for a year before they could retire and live comfortably the rest of their life without ever touching the principal.
Layoffs affect these groups differently.
tech is more merit based, compared to traditional boomer's industries. I dont see how CEOs in tech are part of elite, while they are simply hired managers. You do your job well - you can become ceo one day