Irrelevant - executives are paid by returns to equity, not returns to the labour force.
NoSoupForYou is correct which is the reason executives are the object of substantial scorn by employees in the US and Canada. But the statement is incorrect in another way. Anything that "costs" and subtracts from the bottom line is viewed negatively. Therefore, anything done to employees that reduces their cost actually is a "return" to equity and executives are rewarded for same. The value of a company usually rises any time the employees are beaten down (or laid off) as they, like any expense, are considered financial liabilities from an investor's pov. That's the way business works in the US and, increasingly, Canada.