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> I wonder who might benefit? The shareholders, for whose purpose the business exists, are the ones who will benefit, and they deserve to. Don't forget that m
by twblalock 4y ago
> I wonder who might benefit?
The shareholders, for whose purpose the business exists, are the ones who will benefit, and they deserve to.
Don't forget that most of the employees are also shareholders and most of them make hundreds of thousands of dollars a year from the stock.
It sucks that people get laid off, but a large portion of the employees were lucky to be hired in the first place, because of the crazy growth that was enabled and rewarded by the market in the last few years. They made a lot of money and now they have to look for work again. It's not like laying off factory workers.
- smeagull 4y agoPerhaps. I'd take this as a signal that the company has no big innovation happening, and is a negative signal for the medium to long term.