Obviously, the CEO should have chosen her words a little more carefully, but this is standard business practice.
There is not a single for-profit company out there that exists for the benefit of employees. The purpose of a company is to maximize profits and return peak value into the pockets of shareholders and reward top-level leadership (ie. CEO and other officers). Everyone else is expendable and in essence a liability because they are consuming revenue from the bottom line with salary, rising health care costs, and 401k contribution matching as examples.
The above reason is why it so very important to *save* as much money as you can while you can before the ruthless company leadership crushes you!
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Obviously, the CEO should have chosen her words a little more carefully, but this is standard business practice. There is not a single for-profit company out there that exists for the benefit of employees. The purpose of a company is to maximize profits and return peak value into the pockets of shareholders and reward top-level leadership (ie. CEO and other officers). Everyone else is expendable and in essence a liability because they are consuming revenue from the bottom line with salary, rising health care costs, and 401k contribution matching as examples. The above reason is why it so very important to *save* as much money as you can while you can before the ruthless company leadership crushes you!