this post was submitted on 21 Feb 2025
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] [email protected] 9 points 3 months ago

Not only is it perfectly legal but the executives would argue that they are bound by their fiduciary duty to their shareholders. Layoffs increase stock price => shareholders make money => shareholders approve bonus for executives.