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by justaguyhere 2237 days ago
Yes, during normal times. But these are not normal times - like, who is hiring now? If I were a top performer, I'd take a salary cut if it means saving my colleague's job.

I get what you are saying though. They are a business and I guess they're doing what is best for their business. The severance package is generous (relatively speaking), so there's at least that.

Edit : I guess I didn't word this properly. I was saying they'd lose top performers if their salaries are cut, during normal times.

5 comments

> But these are not normal times - like, who is hiring now?

Facebook and Amazon, just to mention a couple of giants that would probably love if every company doing layoffs right now would instead halve their top performers' compensation.

This is not as relevant in the Airbnb case since the expected value of RSUs went down so much that this is effectively the case even with no salary cuts.

>> Yes, during normal times. But these are not normal times - like, who is hiring now?

Lots of companies with cash reserves, picking up good talent on the market.

> "If I were a top performer, I'd take a salary cut if it means saving my colleague's job."

Would you, really? If you can get a job at FB/AMZN/GOOG/Netflix paying the same or more, would you really stay? Highly unlikely I think.

Yes, I would. Actually the higher the salary, the easier it is to give up a portion of the salary, at least for me.

I understand your skepticism, but I would - I am single and my needs are small, so it is not like my kids are gonna starve.

Good on you, but you are probably in the minority. Even if 1 in 10 people are as charitable as you, the company wouldn't want to lost the other 9.
> who is hiring now?

Facebook and Amazon, to name a couple that have contacted me in the last week.

During what ‘normal times’ are salary cuts okay?