Because it improves short term profits, so the stock goes up, so both shareholders and execs are happy with their big payouts. The rest is just collateral, they don’t care.
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EmperorHenry@discuss.tchncs.de 5 months ago
why can’t corporations just do things in a reasonable and rational way?
Why do they constantly make so many extreme changes all the time? When they need to hire more people, they hire way more than they need, when they need to downsize…or rather when they’re tired of paying so many people, they fire way too many.
slaacaa@lemmy.world 5 months ago
Aceticon@lemmy.world 5 months ago
Last I checked the average tenure of a CEO was less than 2 years.
As long as the problems only properly start getting felt a couple of years later, all such “save a bit now, pay a lot later” strategies are ideal for CEOs as they optimize their bonuses.
EmperorHenry@discuss.tchncs.de 5 months ago
The rest is just collateral, they don’t care.
I know.
militaryintelligence@lemmy.world 5 months ago
Because their bottom line is improved in the short term by firing people
Adulated_Aspersion@lemmy.world 5 months ago
Youre right. Because their bottom line is improved in the short term so that they can say “Look at how much revenue we made last year!”
“And now look at how many people employed to gain that revenue!”
“No, don’t look over the whole year! Just look at right now!”
chitak166@lemmy.world 5 months ago
It’s all about maximizing profit.
UNWILLING_PARTICIPANT@sh.itjust.works 5 months ago
Yeah in the kind of was that a shitty gambler plays when the “table (market) is ‘hot’” they feel overconfident and go all in, ignoring that the pieces they’re playing with are people’s lives
EmperorHenry@discuss.tchncs.de 5 months ago
It’s about maximizing the bonuses for the executives. A bigger bonus than what they got last year.
reksas@lemmings.world 5 months ago
Why would they care, people are just tools to them.
qarbone@lemmy.world 5 months ago
Because it’s easier that way. Rather than protracted recruiting processes that really dig deep into the current needs of the company after detailed evaluation of current projects and current manpower, just hire anyone who looks halfway decent and fire the ones that don’t seem worth it whenever is convenient.
EmperorHenry@discuss.tchncs.de 5 months ago
Because it’s easier that way.
In the short term, easier. But for long term sustainability, no…But what does that matter when you get a bailout every time you fail?
qarbone@lemmy.world 5 months ago
What about the way we’ve seen markets operate makes you believe they care about the long-term? Long-term is someone else’s problem.
MaxPow3r11@lemmy.world 5 months ago
capitalism.
Zink@programming.dev 5 months ago
Because the guy who makes the big risky splashy changes to his department gets the promotion. The one who makes small continous improvements without fucking things up along the way flies under the radar.
PriorityMotif@lemmy.world 5 months ago
Quarterly bonuses. Some jackass sees that labor budget is going to go over and he won’t get his bonus.
Xanis@lemmy.world 5 months ago
Graphs. Executives love graphs. Numbers also mean different things to them, and changed better invoke change, preferably monetarily and with some sort of proof. This is for those quarterly meetings. Larger layoffs are often done for investors. It’s a clock’s pendulum. Pull back payroll, show the numbers and talk about skimming the fat or whatever, yell “look at us!”, profit. Hire a bunch of people, talk about a big product/project, yell “look at us!”, profit.
It’s the capitalist endgame. You, I, little Johnny, and the kitchen sink if it could talk and move, are all numbers on an excel sheet. Plenty of exceptions exist, this remains the rule, however.
Excrubulent@slrpnk.net 5 months ago
Yup, and this is fundamentally down to the whole system being low-information. Wokers, management, upper management and shareholders are all playing it close to the chest because they know they are pitted against one another. So much of corporate life is smoke & mirrors. It’s incredibly wasteful of information, of resources, and of the dignity of the people within it.
And it’s all because the owning class wants to exploit us, so they have to dominate us. There’s no getting around it, as long as this extractive system exists this is how it will inevitably be. No culture change is going to fix things. Only the workers being the owners will fix it.