George and the layoffs

George was a pirate, but he wasn’t a very good pirate.
When the captain reviewed the ship’s budget, he determined that there was an opportunity to reduce spending on personnel, and he announced layoffs. Everyone assumed that George, being not very good, would be laid off.
But instead, Stinky Pete, Cannons McGee, and Ochrebeard were sent ashore with severance checks.
“Why did you keep me,” said George.
“Because you’re cheap,” said the captain. “And there’s no risk of you mutinying against me.”
George asked the captain for a raise.
The captain said no way.
“Mutiny,” yelled George.
The captain sighed.