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fido4lilchops t1_iwuyopz wrote

They got their record profits, now time to fire the little guys and buy more luxuries. Wash rinse repeat with these companies that pay no federal taxes.

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dearestramona t1_iwv5qgt wrote

tech sure is becoming a cesspool of greed. bunch of c-suite executives unwilling to adjust their salaries during a recession.

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Regularjoe42 t1_iwv00x3 wrote

Damn there a lot of articles like this.

Is someone shorting Google or something?

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ThoriatedFlash t1_iwv1ja4 wrote

I wouldn't doubt it. These billionaire investors and hedge fund managers will try to get companies to fire tens of thousands of employees just so their stock will go up a quarter of a point.

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[deleted] t1_iwvkmbo wrote

why would someone short a stock that's going up?

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[deleted] t1_iwvkj4h wrote

Lol layoffs make company stock rise so that's a really bad plan if that's what the article writer is hoping for

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another-masked-hero t1_iwuun2n wrote

The whole concept of analysts telling executives what to do is asinine.

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commiesrrad t1_iwwasnl wrote

Hmm I wonder what kind of economic downturn is coming that all these companies are laying off so many employees. What has caused this downturn? Only a few years ago the country as a whole had such a positive outlook. Maybe that dark winter I heard about is finally coming?

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WestPastEast t1_iwwbwu7 wrote

We all knew this was going to happen when Facebook started laying people off and the hedge funds rewarded them on the market. Now all the bulls are itching to run amok since inflation has been “canceled” and companies are desperate to send the signal that they are worthy investments again.

Fuck these executives, it’s just a country club of control playing a game of roulette where they get rich when they win and we get fucked when they lose. But it’s all good because after they have destroyed enterprise after enterprise chasing unrealistic returns (because that’s how they got their power by lying and over promising) they might donate some of their spoils back to a starving African nation or something.

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ShawnyMcKnight t1_iwvgipi wrote

I feel there was a big push to snatch up talent as the pandemic was wrapping up. There were so many jobs a year ago. I procrastinated and procrastinated on getting my resume redone and learning a JS framework that now that I finally have the competition for remote position has spiked.

I’ve applied to a few but it’s a lost cause, I feel. I can’t compete with all these people who have Twitter and Google and Facebook on their profile.

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