Comment on Vimeo Lays Off 'Most' of Its Staff, Allegedly Includes 'the Entire Video Team'
Maeve@kbin.earth 2 days ago
private equity firm
If we in the West ever manage to extricate ourselves from intentionally convoluted laws that allowed these entities to come into being, I hope businesses with any vague hint of appearance resembling these perfidious demons from the ninth circle of hell are bound like wicked watchers and cast into crevices under rocks above lava.
AudaciousArmadillo@piefed.blahaj.zone 2 days ago
I get your sentiment and I don’t really like Bending Spoons either. But the reality is that they buy somewhat failing business that have absurd costs that they cannot offset with their revenue. Most tech companies are way too large for the things they do. That’s how Bending Spoons succeed; because they can get the same or more revenue with a fraction of the man power.
etherphon@midwest.social 2 days ago
That is exploitation not success.
HobbitFoot@thelemmy.club 22 hours ago
That’s typical for most construction projects.
If I’m going to build a building or a bridge, the number of people required to build is far more than the number of people required to maintain.
It looks like we’re starting to hit the same issue with websites. You need a maintenance staff for websites, but no where near the level of staff required to build the thing.
AudaciousArmadillo@piefed.blahaj.zone 2 days ago
Eh not really. Those are not some minimal wage employees that have no choice but to work for them. They are highly skilled and sought-after employees. Should companies be forced to employ people even when they do not need them? Sounds pretty silly to me. Instead just give everyone basic universal income and let them do something they choose.
Maeve@kbin.earth 2 days ago
All the more reason to outlaw and ruthlessly discourage any attempts to do it again, regardless of how innocuous an actor tries to sell it. The billionaires didn't implement their policies in one fell blow, they are centuries patient and cunning. Like the serpent didn't actually lie, it just failed to tell the entire truth, and/or didn't grasp all the unforseen (latent) possibilities and their implications, leading the first self-aware astray. That's not entirely bad, a long, winding path of learning painfully can yield invaluable lessons, the "badness" is in allowing whitewashing and revisionist history, which should have the head crushed under the heel, figuratively speaking.