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CBC gave $15M in bonuses and a few months later cut 800 jobs: report
(nationalpost.com)
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this post was submitted on 13 Mar 2024
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So on average a 13k bonus per employee that got one
And if we say average salary is 60k * 800
48 million was taken off the books.
Math seems to suggest they aren’t related
Wouldn't the math would also suggest they could have retained 1/3 of the fired employees if they'd forgone the bonuses?
If the budget is so tight that they have to fire hundreds of employees, why are bonuses deserved?
Wouldn't be surprised if it was to make sure the experienced and mission critical people stick around, instead of jumping off a sinking ship. Downsizing can lead to a panic where you lose the people you vitally need.
Yeah, at this point we're hitting a level of nuance that would require more information than I have. There was also the surprise budget cut somewhere along the way.
Right. A company that can lose 800 employees doesn't consider a few million to be that big a deal. Especially if it helps secure future income. Which is kinda the point of the whole thing.