ok, and also "big thieves hate little thieves." Very-well paid executives (stock) remove very well paid employees (salary) and benefit from the actions. This is an old situation in industrial business -- the high tech crowd are filled with self-grandeur and do not believe it, on a large scale IMHO.
Eh, or you could think of it as ‘cut 10 people to move the needle x percent, or cut 1’.
If you need to hit a specific number, guess which one is going to be less paperwork….