Comment on Microsoft is selling off four Xbox studios as part of significant gaming cuts
scrubbles@poptalk.scrubbles.tech 1 day agoThis is what I see too. Like so many industries short term profit chasers never thought that things might slow down after everyone went back outside.
They could have saved that profit and invested instead into long term longevity, but no, had to plan like it’ll be there forever. I swear to god it only takes a 5th grade completion certificate to be an executive.
Quetzalcutlass@lemmy.world 1 day ago
When COVID relief was handed out, a bunch of corporations immediately used the extra cash to fund stock buybacks instead of using it to shore up their finances - literally putting shareholder profits ahead of the health of their company.
scrubbles@poptalk.scrubbles.tech 1 day ago
See to me they should be suing those previous executives and clawing back bonuses since they purposefully screwed over the long term health of the company. Of course though I have apparently crazy ideas.