231–240 of 293 posts
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It’s because, and I say this as a person who has made these calls, some leaders do feel a genuine responsibility for the people that work for them. Perhaps too, the ones that don’t, want people to think that they do. But as a founder and CEO by far the most emotionally taxing thing I have ever had to do is cut staff for the good of the company. You want to treat people the way you would want to be treated if you were…
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> then figure out a way to NOT fire them like reduce the salary of the c-suite staff by 50% so they are only making 300% more than the average workers. or reduce c-suite salary to the lowest wage while allowing them to live off of their stock and other benefits like company cars, expense accounts, etc. granted, that's for the larger companies, but the bigger companies never do anything like that
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.
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)
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Kind of tone deaf of him to post a somber layoff message below his open-mouth laugh-smiling profile picture.
Lol imagine if he had changed his profile pic just for this. I don't think that would make him look any better.
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> At the same time, the market in which we operate has undergone profound change over the last 6 months. I guess this is the "reason" but obviously they aren't elaborating. It's odd they picked "6 months" - what changed in "the market"?
Despite what they're saying, I'd guess it's the totally-not-a-recession that's happening and they foresee people cutting luxury expenses (ie patreon subs) and they're trying to get ahead of it.
I migrated off Patreon awhile back. It's extremely clunky, and the service charge is pretty high comparatively.
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> then figure out a way to NOT fire them like reduce the salary of the c-suite staff by 50% so they are only making 300% more than the average workers. or reduce c-suite salary to the lowest wage while allowing them to live off of their stock and other benefits like company cars, expense accounts, etc. granted, that's for the larger companies, but the bigger companies never do anything like that
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.
Depends on how much those 6 people make.
Have you seem C-level compensation in comparison to worker's salaries?
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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.
>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...
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.
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It’s because, and I say this as a person who has made these calls, some leaders do feel a genuine responsibility for the people that work for them. Perhaps too, the ones that don’t, want people to think that they do. But as a founder and CEO by far the most emotionally taxing thing I have ever had to do is cut staff for the good of the company. You want to treat people the way you would want to be treated if you were…
I am a founder/CEO myself (a very small company so I don't have experience of mass layoffs for full disclosure). However, I don't get this explanation. If you feel genuine responsibility for the people, then figure out a way to NOT fire them. Or be honest and admit that the company needs to make more money/cut costs. Trust me, no one wants to hear "we love you so much but we have to fire you and I feel so bad". It ju…
Earlier quoted context omitted.
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.
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 i…
And if you could support your family on that 50% for an undefined period of time.
They have 465 employees? That seems like a lot for what Patreon is.