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fourseventy 2 hours ago

1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent.

2.) The c-suite are compensated at market rate the same as anyone else. If the CTO at Patreon is making 400k/yr you can't just cut his salary to 200k, he will leave and take a job somewhere else.

KellyCriterion 17 minutes ago | parent | next [-]

Ah, no, for sure you can just cut the salary by 50%?

And believe me, most people in well-managed company would accept it to keep the company alive. And y CTO with 400k wont "just find a new job with same payment" next day, thats an illusion. Especially nowdays in these times.

If I would be asked: "reduce your salary by 50% or get fired", for sure I would stay if there is a perspective that the situation may recover in the future. If the company has no perspective future, then you would leave anyway (either implicitly or explicitly by them)

surgical_fire 6 minutes ago | parent | prev | next [-]

> The c-suite is like 6 people, reducing their salary isn't going to make much of a dent.

Depends on how much those 6 people make.

Have you seem C-level compensation in comparison to worker's salaries?

Gud 38 minutes ago | parent | prev | next [-]

Many of the C suite are just nepo babies.

buellerbueller 2 hours ago | parent | prev | next [-]

>1.) The c-suite is like 6 people, reducing their salary isn't going to make much of a dent.

It makes much more than a dent to the ~20 people not laid off, and a likely morale boost to everyone remaining.

Edit: who are the sociopaths who downvote this? You don't think that someone not being laid off isn't going to have a much better outcome than had the been laid off? At least make an argument to the contrary...

john_strinlai 22 minutes ago | parent | next [-]

>Edit: who are the sociopaths who downvote this?

there are some people on this venture capital company forum that are venture capitalists. layoffs to boost profits is just another monday

surgical_fire 4 minutes ago | parent | prev [-]

> Edit: who are the sociopaths who downvote this?

There's a large contingent of HN users that are all too happy to brown nose their corporate overlords.

Also, this is still a ycombinator forum, it wouldn't be surprising if some people around are the ones that lay people off. You know, the sociopaths themselves.

miltonlost 2 hours ago | parent | prev [-]

The corollary to 2 is: reduce all CEO pay across the board because of how disproportionate it is.