Earlier quoted context omitted.
It is not the individual layoff which is the issue for the people. It is the general feeling that the little man get squeezed under the argument of cost savings and the rich man takes out even more than the year before, independent of the market and company performance. In the past the entrepreneur took the yearly risks and was rewarded or not for it. The variation / risk on the (unrealistic) return is now managed on…
By any reasonable metric, Google SWEs are "the rich man" in American society.
No they’re not, we’re talking about major shareholders. They’re the ones driving these layoffs to eke out a few more dollars that they don’t need.