They shedding dead weight and balancing their books. See when its my people getting crushed by capitalism, no one cares. Now the other side is getting a taste of their own medicine, its hard to be sympathetic.
Yeah, but it's still fukked up.
And this kind of thing can't be good for the economy. When working and middle class people get pay raises, they generally spend. When CEOs get pay raises, they either sit on the money or put it in tax havens. Therefore a lot of this $$$ isn't going back into the economy.