The Economic Times

CEO denies salary raise to hardworking employee: Later learns a 3x costly lesson after he resigns from job

A star employee at a company resigned after the CEO refused to approve a significant raise, despite the employees major contributions and cost-saving efforts. The VP supporting the raise shared that the employees departure forced the company to hire multiple contractors at three times the cost, highlighting how undervaluing key staff can backfire. Reddit users noted this is a common problem where short-term savings lead to long-term expenses and staff dissatisfaction.