Investors have been on the lookout for a weakening labor market since the Federal Reserve embarked back in March 2022 on its aggressive rate-hike campaign.
  • iforgotmyinstance@lemmy.worldEnglish
    18·
    9 months ago

    Stock market in action. When you’ve saturated your market and have nowhere else to grow, how else do you create profits for the next quarter?

    Mass layoffs are always about short-term gains. It’s accepting the company will cripple itself intentionally just to take the salaries of the laid of folks and disburse them as dividends.

    • spudwart@spudwart.comEnglish
      3·
      9 months ago

      Eventually the companies will not function without their employees. Then comes the inevitable bailouts to big corporations. But the cycle will continue until the system changes or it collapses.