We have to come together to stop C-level idiots who are compensated via company stocks from laying off working-class employees. It is their incompetency that shows when revenues go down. Instead of taking accountability, they skew stock price by an immediate reduction in operating expenses by laying off a double-digit percentage of the workforce while C-level pocket double-digit millions annual take home.

Please sign, share, and support the effort to stop corporations from laying off millions for their short-term gain, while leaving a long-term economic impact on many families. Support Change.org’s initiative – Introduce Legislation that Penalizes Excessive Layoffs and Bans Stock-Based Compensation.

https://chng.it/5WLqJW8sTc Sign Petition Here!

Why is it OK for companies to lay off 1000s so often whenever they want to spike up their stock price?
byu/sgdxb_million ineconomy



by sgdxb_million

7 comments

  2. It’s their business and their choice when to lay off or when to hire.

  3. You don’t have to like it, but it is a choice to work for a corporation instead of starting and running your own business or being a subsistence farmer. Talk to people who own their business about the hours they work and the risk they are taking (According to 2024 data from the U.S. Bureau of Labor Statistics, 20.4% of businesses fail in their first year after opening, 49.4% fail in their first 5 years, and 65.3% fail in their first 10 years.). How many of us work 70+ hours per week like they do?

    There is no guarantee that layoffs will spike stock prices, and that is not the only possible incentive to do so. Companies can become bloated and inefficient with unnecessary jobs and find it harder to compete. Should the company go bankrupt instead, and have 100% of the people lose their jobs? I find no joy in layoffs and feel sorry for the people it happens to, but this is not something that can be prevented.

  4. Because when you work for a company you agree to the terms under which they can hire/fire/layoff.

  5. A legitimately progressive tax code + UBI and UBS, would be better for all parties involved. The whole idea that employees should be dependent on employers, is bad for both. It keeps the state interfering in labor markets, constantly raising the bar on how can afford to have employees and start businesses; and maintains a toxic narrative that poverty is a personal failure, among the working class.

    I agree with the need to deal with insecurity and precarity, but would prefer going after the cause rather than the symptom.

  6. We have been told that worker’s rights are “socialism”.

  7. I feel like C-Suite should never be allowed to own their own stock. Maybe VPs too. The trading restrictions are not enough

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