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Boosted by neatnik@social.lol ("Neatnik :prami:"):
gwynnion ("Nowhere Girl") wrote:
Companies make record profits but do mass layoffs anyway because the stock value, which is how executives really get paid, is more important, and the market reflexively rewards layoffs.
Eventually, the company can't function anymore. But then it just gets sold off and the executives walk away with a golden parachute.
Life goes on for everyone except the ordinary people who used to work there or depended on their product.