Jack Kelly and Rick Chen react to Intel's decision to cut the pay of the CEO, leadership team and middle management by 5% to 25% after its layoffs. We look into what might be the catalyst for these decisions and why high-profile pay cuts like Apple's Tim Cook might not be anything more than a PR play. Notably, Jack explores how job-cut announcements affect the stock market and the job market. Finally, Jack and Rick discuss the history of company reductions in force and why layoffs might be the worst thing a company can do.
https://blindap.onelink.me/ttCg/mhe5kscq
https://www.linkedin.com/in/jackkellywecruitr
https://www.linkedin.com/in/chenrick
https://www.oregonlive.com/silicon-forest/2023/02/intel-slashes-wages-bonuses-after-disastrous-quarterly-results.html
https://www.forbes.com/sites/jackkelly/2023/02/01/ceos-of-apple-goldman-sachs-jpmorgan-and-other-top-companies-are-taking-pay-cuts/