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> Inflation is universal and companies increase their prices accordingly, yet workers never require increase of their salaries, usually until years later. Ever
by HumblyTossed 3y ago
> Inflation is universal and companies increase their prices accordingly, yet workers never require increase of their salaries, usually until years later.
Every (shitty) company: Best year ever! Profits are up XX%! Investors are happy! Sorry, there's no money for raises.
- Sohcahtoa82 3y agoEven worse: "Best year ever! Profits are up XX%! Investors are happy! Sorry, there's no money for raises. Also, we're laying some of you off." That's exactly what Activision-Blizzard did in 2019. They announced record profits, and in the same week announced the layoff of 800 workers. https://www.polygon.com/2019/2/12/18222096/blizzard-layoffs-february-2019 https://www.polygon.com/2019/2/12/18222096/blizzard-layoffs-...
- dragonwriter 3y agoIt may seem odd at first impressiom, but profits are about the past, layoffs are about the future, so its also not nonsensical.
- para_parolu 3y agoThat seems like improper management to me.
- dragonwriter 3y agoImproper management is report past results as results and making forward decisions based on forward prospects? Or…what, exactly?