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Intel is laying off so they can increase their profit margin from 45% back to 60% so investors are happy? Am I reading this correctly?
by arroz 4y ago
Intel is laying off so they can increase their profit margin from 45% back to 60% so investors are happy? Am I reading this correctly?
- lame-robot-hoax 4y agoIs Intel meant to be a jobs program? Should they just hire and retain people they don’t need…just to keep them employed? Should they hire me to twiddle my thumbs for $100k a year just because they can afford to? Increasing productivity is a good thing actually.
- ZoomerCretin 4y agoThose are people. Each one could have a family with kids. Don't be so callous.
- arroz 4y agoa company that has low profit and employees a lot of people as a lot more beneficial for society than the opposite
- arroz 4y agois *
- arroz 4y agoGeez I wrote everything wrong a company that has low profit and many employees is a lot more beneficial for society than the opposite
- orangecat 4y agoAssuming output is the same in both cases, this is wrong. If a company is making $10 million in profits, is it better for society if they spend $9 million hiring people to dig ditches and then fill them in? No, because those people could be doing something else that is actually useful.
- missedthecue 4y agoWhy so? I think it would better if everyone were in a productivity maximizing role, not busywork.
- janef0421 4y agoIt's good locally, yes, but our current economic system does not have adequate systems to support people who are laid off into other work. Layoffs will result in significant hardship. Also, it's good for a company to have a degree of slack.