While some tech giants neared or imposed widespread layoffs last year, compensation for their CEOs climbed as much as tens of millions of dollars, according to an ABC News analysis of data released by research firm Equilar.
"Especially in tech, I think it's a shock to tech workers who have always been in such high demand to be experiencing these layoffs," Lisa LaViers, a professor at Tulane University's Freeman School of Business who studies executive pay and its effect on workers, told ABC News.Leonardo Munoz/View Press/Corbis via Getty Images
Key attributes of executive and worker compensation complicate the moral outrage, however, LaViers said. A corporate worker laid off by Uber this year, who requested anonymity for fear of negative consequences if they spoke publicly, described the dynamic of job cuts alongside pay increases as "very frustrating.
The full compensation package awarded to Khosrowshahi is dependent upon the company’s fulfillment of key objectives, UberSimilarly, a worker interviewed by ABC News who was laid off this year by data-storage firm Western Digital expressed disappointment after finding out that CEO David Goeckeler received a 42% pay increase in 2022, according to Equilar data.
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