4 ms·

but this is not true of the giants like Microsoft and Google right? They chose to fire thousands and yet have sufficient to invest further into markets all ove

but this is not true of the giants like Microsoft and Google right? They chose to fire thousands and yet have sufficient to invest further into markets all over the world. Burn and churn is just much easier and lax labor laws do not prohibit such tendencies!

deleted 3y ago
[deleted]
tsunamifury 3y ago
They elected to do that because the 1 billion dollar write down yield 300 billion in market value -- firing people literally raised their market cap more than what those people could earn doing a real job earning real revenue. To be clear, this is not people being fired for bullshit jobs. This is people being fired because their 1 billion in revenue is a fraction of the 300 billion in stock price opportunity. Ask me how I know...
- frfl 3y ago
  ...how do you know
- aksss 3y ago
  I think both scenarios can be true. Let us not deny that there are worthless employees and worthless jobs, which tend to accumulate in large organizations organically, and warrant periodic correction.