$500million in cuts is what Ferris plans for the up coming year. Instead of laying off talented and valuable employees that are the back bone of FIS, how about a 10% pay cut for the C-suite? Lets be real here, I get by comfortably on a $70k salary, where the cost of living is ridiculously high, as a single mother with no debt. Nice house, nice car, food, along with money for fun. However if i were to lose my job i would be screwed. Sure I'd be able to find a new job but that's even questionable with the mass layoffs we ate seeing in the tech industry. I'd be up against 57k people who are very talented. Sounds like a fun time!
I'm sure cutting back huge salarys and selling the new HQ building could save a lot of jobs. Thousands of jobs. Jobs that people need inorder to survive. But that is just nonsense in the capitalist money hungry corporate world. Cut my salary to only $1mill a year? How dare that even be said out loud! (rolling my eyes).
It would be nice to see a CEO and other c-suite exects that displays compassion, empathy and selflessness (aka being a decent human being). We all know that's a far cry, most if not all big company top expects are narsasists or psychopaths. It's a strange world that we live in. You cant change other people, only yourself. But it's OK to bring light on the reality of these jerks. Time to move on.