In the last five rounds of layoffs (which is as far as I can remember, I'm sure it was the same before that) managers were pretty much spared each time. Why is that? They are among the least capable employees in the company, considering that majority of them did not get to their positions through meritocracy.
We are losing good, knowledgeable and hard-working employees constantly, and these leeches seem untouchable. Talk about morale killer at the office...