7 ms·

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 e

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.

buellerbueller 2mo ago
>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...
- john_strinlai 2mo ago
  >Edit: who are the sociopaths who downvote this? there are some people on this venture capital company forum that are venture capitalists. layoffs to boost profits is just another monday
- surgical_fire 2mo ago
  > Edit: who are the sociopaths who downvote this? 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.
miltonlost 2mo ago
The corollary to 2 is: reduce all CEO pay across the board because of how disproportionate it is.
Gud 2mo ago
Many of the C suite are just nepo babies.
- nickv 2mo ago
  citation needed
KellyCriterion 2mo ago
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 in the future. If the company has no perspective future, then you would leave anyway (either implicitly or explicitly by them)
- okdood64 2mo ago
  > for sure I would stay if there is a perspective that the situation may recover in the future And if you could support your family on that 50% for an undefined period of time.
- catlover76 2mo ago
  [dead]
- nickv 2mo ago
  How does adding $200k back to payroll help pay for 96 employee salaries (plus benefits which tend to be an invisible 25-30% on top of salaries)?
  - brianwawok 2mo ago
    There is a reason he hasn’t made it to management yet ^_^
  - dylan604 2mo ago
    If the CEO is only making $400k, that's not a very big company
surgical_fire 2mo ago
> The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. Depends on how much those 6 people make. Have you seem C-level compensation in comparison to worker's salaries?
- AbsurdCensor 2mo ago
  Certainly have. Patreon’s CEO isnt taking a salary and his comp package is estimated to be $250k. That’s sure going to save the salary of the almost 100 people, as long as they are making $2000 a year. Yes, there are outlier companies, but not C-Suite isn’t just taking a massive check home, it’s a compensation of a inflated salary and comp package, which it most companies never would cover the amount of people let go. That’s often the case at every company.

buellerbueller 2mo ago

>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...

john_strinlai 2mo ago
>Edit: who are the sociopaths who downvote this? there are some people on this venture capital company forum that are venture capitalists. layoffs to boost profits is just another monday
surgical_fire 2mo ago
> Edit: who are the sociopaths who downvote this? 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.

miltonlost 2mo ago

The corollary to 2 is: reduce all CEO pay across the board because of how disproportionate it is.

Gud 2mo ago

Many of the C suite are just nepo babies.

nickv 2mo ago
citation needed

KellyCriterion 2mo ago

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 in the future. If the company has no perspective future, then you would leave anyway (either implicitly or explicitly by them)

okdood64 2mo ago
> for sure I would stay if there is a perspective that the situation may recover in the future And if you could support your family on that 50% for an undefined period of time.
catlover76 2mo ago
[dead]
nickv 2mo ago
How does adding $200k back to payroll help pay for 96 employee salaries (plus benefits which tend to be an invisible 25-30% on top of salaries)?
- brianwawok 2mo ago
  There is a reason he hasn’t made it to management yet ^_^
- dylan604 2mo ago
  If the CEO is only making $400k, that's not a very big company

surgical_fire 2mo ago

> The c-suite is like 6 people, reducing their salary isn't going to make much of a dent. Depends on how much those 6 people make. Have you seem C-level compensation in comparison to worker's salaries?

AbsurdCensor 2mo ago
Certainly have. Patreon’s CEO isnt taking a salary and his comp package is estimated to be $250k. That’s sure going to save the salary of the almost 100 people, as long as they are making $2000 a year. Yes, there are outlier companies, but not C-Suite isn’t just taking a massive check home, it’s a compensation of a inflated salary and comp package, which it most companies never would cover the amount of people let go. That’s often the case at every company.