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So should companies be prohibited from doing stock buybacks or paying dividends for some period of time if they do a layoff. Or should they be required to rehir
by wombatpm 3y ago
So should companies be prohibited from doing stock buybacks or paying dividends for some period of time if they do a layoff. Or should they be required to rehire laid off workers before doing any new hiring? When it’s truly about maintaining company viability, I have some sympathy for the corporate position. But companies reporting increasing or record profits AND doing layoffs smells of financial engineering and socializing costs while privatizing profits.
- mathiasgredal 3y agoWhy not just tax stock buybacks the same or higher than regular profits? This would force companies to either increase R&D/CAPEX spending or lower prices.
- tonystubblebine 3y agoIsn’t it net good that tech companies regularly overhire? I’d be afraid that too much regulation would end up making companies hesitant to hire in the first place. And why are we asking companies to act as charities here. That’s so against their nature. Tax them instead and have government improve the safety net.
- Madmallard 3y agoThat’s because it is. It is degenerate inhumane latestage capitalism garbage.