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Joined 1 year ago
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Cake day: July 3rd, 2023

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  • You think the market is fucking rational, here? I’ve got news for you, guy, regular people’s view of this means fuck-all to these people and the only thing that matters to them is the stock price.

    The market absolutely props up “irrational decisions” and cutting employees to cut costs has been a bellwether for increasing stock price for forty fucking years now.

    That’s my exact point. I don’t think this is some conspiracy to secretly lay off people. I think this is just a more straightforward case of C-levels blundering around with decisions that make sense only to them.

    I think they absolutely thought RTO would be a benefit in some way, and after being proven wrong they just save face with corporate buzzwords.


  • I’m not sure if this was actually some kind of sinister plot, rather than incompetence and ego. You’re not the first to suggest that this is a way to lay people off without “having to pay severance”, but what really throws a wrench into that idea is that in most states they didn’t “have” to pay severance in the first place. That’s really more reliant on the employment offer or contract. There really wasn’t anything stopping these companies from just laying people off the normal way. The only other justification I’ve seen is that it’s a way to “avoid bad press”. But clearly it doesn’t because we all still know this is happening and we’re all still just as unhappy about it. If anything, it’s better for a company to just lay people off and spin it as a “cost saving measure” to appease shareholders, than make it look like top talent is leaving of their own volition. The latter makes the company look bad to both the general population and its shareholders.