'The company lost out on a $500K deal': New CFO gets fired after forcing layoffs of essential employees, employee gets a "six-figure" consultancy payout

New bosses love to bring in new ideas, barreling into situations they know next to nothing about and waving their authority in order to make broad-sweeping changes that they say are for the better. Meanwhile, everyone else glances sideways at each other and braces for the worst.

You can probably see where this is going, as it always does with these types of situations: short-sighted cost-cutting hamstringing vital operations that only cost the company more in the long run when everything goes belly up. Cain's attempts at picking up dimes have these C-suite executives tripping over dollars instead.

This senior compliance officer shared this story of how they encountered a difficult situation when the company's new CFO implemented aggressive cost-cutting measures, which forced the layoff of 30% of their team. As luck would have it, one of the workers laid off was the only one who could procure an essential compliance report that a massive contract with a government agency was riding on. The laid-off worker received a massive payout in return for "consulting" the completion of the report that had previously been simply their job to do. The CFO was fired, and the senior compliance officer was promoted in order to ensure that this type of thing never happened again.