The Human Cost of Layoffs – Families in Crisis and the Executive Bonus Culture
Over the past few decades, layoffs have become a common strategy for companies looking to cut costs and increase profits. While these decisions may benefit shareholders and executives, the human cost of layoffs cannot be ignored. Families are thrown into crisis as breadwinners lose their jobs, healthcare benefits are lost, and children can no longer afford college tuition. This inhumane practice is often perpetuated by an executive bonus culture that rewards top management for cutting expenses, regardless of the impact on employees and their families. It is crucial to shed light on this issue and explore alternative solutions that prioritize…