Kind of a strange point on cost cutting, but how does this fall into the arguement of "paying for talent" when hiring your executive level vs "race to the bottom" point of view for your employees? I've seen this vomitous 180 flip of statement coming from the same company in a short timespan.
The top gets paid an exponential figure for 'talent', but is ignored in any cost cutting measure... yet, any purely non financial 'talent' sets you on a crash course race towards minimum wage of "Oh, you did awesome this year, but times are lean.. here is a 2% raise."
Maybe I am more irked now because the company I work for just got bought by a huge company and R&D staff was slashed in half and "No more research." became a mandate