MacronDeezNuts

@MacronDeezNuts@beehaw.org

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⁨Comment⁩ on ⁨There Are No Weird Blogs Anymore Cause It’s More Fruitful to Drive Them Out of Business⁩ ⁨⁨1⁩ ⁨day⁩ ago⁩:
Look up private equity and corporate raids.

Short version - Layoffs increase short term profits, then you let the business die to sell off the assets. This is generally considered a safer strategy than long term investing because it doesn’t require expertise and you get paid quicker (compared to buying a company and waiting 5+ years to turn a profit on the purchase).