The employee cuts would not be so bad...if the executives didn’t pocket the savings as bonuses.
Macy’s did nothing for their shareholders or their company by paying off their executives
I have a small business...and it wouldn’t exist if I decided to pay myself a bonus for not making money. You can tell by a lot of the comments on here that people are clueless on running a business
I own a small business also. So, if I had worked out a compensation package where I kept my bonus in the company for a couple of years, I’m not entitled to receive it and layoff employees in anticipation of lowered future sales.
You sound like my employees. They think no one should get laid off if I get paid at all.
My point is this. It isn’t our business in a free country to tell anyone what to do in a business as long as it is legal.
It is not illegal to cut employees, nor is it illegal to take a bonus. If the employees costs are ruining your bottom line so that you make no profit, I do not see the problem.
As to whether it is moral, that is another thing. It is also immoral to have the government in control of peoples lives. That is where we are headed.
Very small, I bet, given your abysmal understanding of economics and your bizarre notion that businesses shouldn't just try to make a profit, but also have an obligation to take care of unprofitable employees rather than laying them off.