For egregious cases, yes. Absolutely. That very short term pain is almost instantly offset by the societal gain brought about by companies' better adherence to the law. It's incredible just how much good it would do, and how quickly this would happen.
And please don't assume a "you wouldn't if it was your own employer" - no, I very much would, despite the struggles it would cause.
Companies cant think and act. Employees at companies commit crimes. Lets say that a boss at Microsoft commits a crime.
Entire company shutdown. All employees fired. All servers shutdown. All windows computers stop working. All companies using azure gets their stuff turned off. And so on.