3 ms·
This 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 emp
by tsunamifury 3y ago
This 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.