Originally Posted by ryane946
Typical in the corporate world. You have your top couple hundred execs and when times get tough, cuts must be made. I know of airline managers who get "furloughed", and they go to lower level jobs. But sometimes you are just in the wrong place at the wrong time and your job gets cut, and you can't go down a level. This is why they have severance packages.
Imagine you were a 767 Captain for delta (pretty senior), then Delta retires the 767 fleet. Instead of going down to say the 737-800, you were fired (wrong place/wrong time). This is hat its like for managers, and that is why they get severance packages (pay and benefits for short term).
I wish it was as simplistic as that. These "Managers" are raping the companies they work for and then skipping off to the next airline so that they can pull more of the same BS.
Sorry, these guys don't need retention bonuses when they've lost billions running the company. Meanwhile the rank and file workers are being asked to take 40% reductions so the management can "save" the airline and fund their lucrative deals.
Don't let the door hit you on the ass on the way out you overpaid, underperforming Managers.