Thread regarding ExxonMobil Corp. layoffs

25% pay cut for all? That's stupidly weak thinking. The company was overstaffed in many areas. Why pay for unneeded employees?

A principle-centered approach sounds great, But sadly, reading these boards leads to only one conclusion, that being no party is aligned with any other.

Employees despise shareholders because of the dividend payment.
Employees despise management and have even turned against their fellow employees.
Employees refuse to accept that layoffs/spending cuts must proceed despite dividend payments.

Management tentatively supports shareholders, but fails to steward their investments properly.
Management refuses to acknowledge its role in devastating EM reputation as a premier company.
Management treats employees as a commodity product and thus creates a toxic work culture.

Shareholders demand that management reduce capex and expenses to become profitable.
Shareholders do not believe EM management should be entrusted with their dividend income.
Shareholders have lost confidence in EM and will flee when stock prices see a modest increase.

The only common ground I see is the desire of both shareholders and employees to leave EM once and for all whenever circumstances allow.

Not much left here to build on. No common ground, no trust, no commitment, no confidence. And the worst is yet to come. Sorry folks, that's just the sad reality that I see.

The concept of all stakeholders, including employees, shareholders, and suppliers sharing in the sacrifice is a principle-centered approach, and one that would build long term commitment to the success of the enterprise. The current approach being utilized by senior management is just the opposite, and I think we know where that will lead.

Was that last word a typo or has a dual meaning?