this post was submitted on 13 Oct 2024
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[–] DaddleDew 29 points 5 days ago* (last edited 5 days ago) (1 children)

The workers were never the cause of their problems. The dipshits who are running the company into the ground by forcing everyone to cut corners in an industry where safety is paramount are. I bet they're going to give themselves a big bonus as well after those layoffs too.

[–] [email protected] 20 points 5 days ago (1 children)

They switched from being all about manufacturing to being all about shareholder values. And now here we are.

[–] DaddleDew 19 points 5 days ago (1 children)

There seems to be a clear pattern of great companies being completely ruined by shareholders demanding short term growth no matter what like that.

[–] [email protected] 5 points 5 days ago (1 children)

If by "great" you mean "large", yes.

On the other hand, if we're talking about high quality companies, then by definition they would be run well enough not to fall into that trap.

[–] DaddleDew 4 points 4 days ago* (last edited 4 days ago)

The moment they become public there is going to be a pressure from the shareholders for constant growth.

Thinking that this only applies to large companies is survivor bias because the more a company becomes large and predominant on the market the more noticeable levels of enshitification it can get away with and still survive. Had Boeing been smaller it would have died from the self-sustained blow.