The more common way these guys increase profit is by lowering costs, and the only way they’ve figure out how to do that is by laying off a bunch of people, so this is actually a step in the right direction at least.
Now I’m wondering whether their solution is to appeal to more customers or to raise prices. What am I saying. Of course it’s the latter.
the only way they’ve figure out how to do that is by laying off a bunch of people
Weirdly enough, another way to lower costs would be to have everybody work from home so you don’t have to pay for office space. Yet the overwhelming trend is away from WFH.
Because they’re also power-hungry assholes who like to watch people scurry around an office on their whim. That and they figure that they’d slack off at home and do nothing, so of course their workers will too, and how would they know?
The more common way these guys increase profit is by lowering costs, and the only way they’ve figure out how to do that is by laying off a bunch of people, so this is actually a step in the right direction at least.
Now I’m wondering whether their solution is to appeal to more customers or to raise prices. What am I saying. Of course it’s the latter.
Weirdly enough, another way to lower costs would be to have everybody work from home so you don’t have to pay for office space. Yet the overwhelming trend is away from WFH.
Because that decreases the value of their commercial real estate investments
I know that’s usually given as the reason, but I think most companies rent. I dunno.
Yeah, they’re not talking about the companies these managers actually run, but their personal stock portfolios.
Because they’re also power-hungry assholes who like to watch people scurry around an office on their whim. That and they figure that they’d slack off at home and do nothing, so of course their workers will too, and how would they know?
They ended up laying off a bunch of people either way. Still unprofitable though.