Sayonara - we need to let many of you go
CEOs seem to be tripping over themselves to announce 15-20% layoffs as they gain more efficiency through AI.
Power to them - the company must do what is good for shareholders - but should the folks making these decisions feel some pain too?
How about the CEO, C-suite and a couple of levels down having their compensation (salary and stock) paid out through some kind of escrow arrangement -- so that it can potentially be clawed back when significant events like non-performance related layoffs are triggered like this AI-related purge, or other one-off events.
Large layoffs can trigger a 'no compensation' scenario for the CEO and proportional lower cuts down the executive chain.
This would structurally put the folks making decisions have better conversations around large purges of staff - and also incentivize them to think creatively before making decisions that impact families that are not well situated financially.
Never going to happen.