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I know it's comedy, but the essense relies on faulty reasoning of why you were employed. You are employed because the company expects the profit/savings you ge
by Gunax 3y ago
I know it's comedy, but the essense relies on faulty reasoning of why you were employed.
You are employed because the company expects the profit/savings you generate to exceed the cost of employment. If that stops being true, then naturally it's no longer profitable to employ you.
You'll notice there is no mention of the overall profitability of the organization in that equation. It holds equally true for both profitable and unprofitable orgs.
Obviously the world in messy, and it isn't always clear whether a given department or unit is or will be profitable.
- tsunamifury 3y agoThis is a very simplistic understanding of how much more complicated the world has become. Google was able to take 20 years worth of salary of its laid off employees and execute stock buybacks that increased stock price more than those workers POSITIVE revenues. Its a more brutal reality than you think.
- disqard 3y agoThank you for articulating this! I'm not accusing everyone of this cluelessness, but many appear to think that Google was looking at financially-trying times, and fired some employees to save some money -- no, they fired people, and then spent enough money to have kept those folks employed for decades on stock buybacks. Google's layoffs weren't about saving money, but about juicing the stock.
- EchoChamberMan 3y agoUber burned 250m a year for 10 years without making a profit; are you sure your logic still applies?