I hear this every time: CEOs and Exec management of companies telling their employees that costs of production or whatever have gone up, there is need for layoffs in order for the company to stay afloat. At the end of the fiscal year: champagne bottles popping because record profits have been made… and we all play along in this circus show
Executives have obligation to the board of directors and shareholders to constantly bring record profits. Technically they are doing exactly what they are paid to do.
Until that changes, every large corporations will continue to enshittifiy everything for profits.
It is theft. Just plain theft. They don’t know jack about running they’re companies so they resort to just running it into the ground and then running away with the cash.
I hear this every time: CEOs and Exec management of companies telling their employees that costs of production or whatever have gone up, there is need for layoffs in order for the company to stay afloat. At the end of the fiscal year: champagne bottles popping because record profits have been made… and we all play along in this circus show
Executives have obligation to the board of directors and shareholders to constantly bring record profits. Technically they are doing exactly what they are paid to do.
Until that changes, every large corporations will continue to enshittifiy everything for profits.
It is theft. Just plain theft. They don’t know jack about running they’re companies so they resort to just running it into the ground and then running away with the cash.