Submitted by ShoestringTherapy t3_y79l9t in news
Fenix42 t1_isv4omp wrote
Reply to comment by CryptoMortgage in Microsoft confirms job cuts after calling for growth to slow by ShoestringTherapy
Laysoffs are not capitalism failing. It's one company reducing it's staff because they don't think they will be making enough ROI on those people in the near future.
If anything, layoffs are actually a sign that capitalism is working. MS is laying people off because its revenue is down. It's revenue is down because they either lost businesses to competitors or made mistakes with new products.
[deleted] t1_isvp81i wrote
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