They’re a temporary bump in the metrics which are measured by shareholders. They’ve also become short sighted morons who only care quarter to quarter and not long term sustainability. Why? Because the average age of most of the larger ones are other companies ran by people well over 60 who will die before it happens.
Comment on Anon is worried about AAA sales
bearboiblake@pawb.social 4 days ago
AAA profits are higher than ever. Layoffs are tremendously inefficient. They do nothing to reduce costs long term, and can actually lead to increased costs. There is a dearth of economic research which demonstrates that.
Layoffs are corporatist virtue signalling. Nothing more.
BeardededSquidward@lemmy.blahaj.zone 3 days ago
rafoix@lemmy.zip 4 days ago
Shareholders only want short term gains so they could sell their shares and win big.
Long term goals are for the suckers that bought the artificially inflated stocks.
bearboiblake@pawb.social 4 days ago
Layoffs actually tend to artificially deflate stock prices as it’s seen as a signal of a company in financial stress. Of course this can be used to turn a profit through short selling but you’d need to have some sort of prior knowledge to set up the short positions prior to the layoffs being announced.