When I was part of a mass lay-off, it was big enough to trigger CA state law where they had to detail everything. You could clearly see that it was strictly based on who was paid the most (below the managerial level).
>The 'righting' came because of shitty financial decisions made from top-down. The top should be fired first and foremost. The company wouldn't be in the position its in if management were doing their fucking jobs.
Should but rarely, if ever, happens. Some even get a larger bonus when meeting next quarter targets or some other short-term indicator.