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Still doesn't make sense to me then, even ignoring AI -- why are they cutting costs while making record revenues and profits?
by reverius42 7mo ago
Still doesn't make sense to me then, even ignoring AI -- why are they cutting costs while making record revenues and profits?
- coldtea 7mo agoBecause they're seeing the writing on the wall - the economic is going to shit. Their "record revenues and profits" just come from squeezing their customers, already at breaking point, to the max, to just move the needle in the stock market. They know this is not sustainable at all.
- reverius42 7mo agoIsn't the assumption of overall economic growth kind of load bearing for capitalism? What happens when the whole economy starts planning for contraction instead?