Corporations should be accountable to their employees. The system we have today is harmful.
It isn't like if Google fired 95% of people that comp for the remainder would hit $10m a person.
As someone who survived numerous rounds of layoffs, that's not true. The employees who stay get to work more (under more job security pressure) but that's about it. It's not like the wages of the workers who get laid off are reallocated as bonuses for the remaining employees.