TheCatt wrote: ↑Tue Dec 07, 2021 3:35 pm
Leisher wrote: ↑Tue Dec 07, 2021 2:51 pm
Startup valued at $7B, about to IPO, just received $750M in cash, and has "about $1B on the balance sheet"
lays off 900 workers via Zoom.
When the worker revolution begins, will anyone be surprised?
I dunno. Why were they laid off? Did they suck? Was their business unit failing?
The dude did a terrible job by making it about himself, but still... people get laid off. That's capitalism.
First of all, the dude is an absolute cunt. That's indisputable.
As for the rest, I had the same questions. I'm wondering if it was done for the IPO? Based on the specific way he phrased it, I'd say yes. I don't know how that would help, but I know jettisoning employees can help make bottom lines look better for potential sale, so I assume the same thing for an IPO?
However, if it was a failing business unit, then I would fully understand the layoffs and would be more pissed at the MSM for not reporting that critical aspect of the layoffs.
I've very pro-capitalism, but I think capitalism involves acting ethically and legally. I think it should also involve concern over the overall economy/health of the communities and countries it operates within. Call me crazy, but it's called capitalism, not "selfish fucks squeeze every last dime out of a company and who gives a fuck what happens after we cash out-ism".
I don't give two fucks if a CEO makes 700% more than his mailroom workers. I do care if he or she makes that much and the mailroom workers need government programs to survive.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”