UNDERNEWS: Corporate layoffs vs. CEO pay

November 16, 2025

Corporate layoffs vs. CEO pay

RBReich - Amazon announced 14,000 layoffs. Its CEO made over $40M last year.

UPS announced 48,000 layoffs. Its CEO made over $24M last year.

Intel announced 20,000 layoffs. Its new CEO's pay package is valued at nearly $69M.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

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Sam's a cynical cat -- Marion Barry

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