this post was submitted on 11 Jan 2024
701 points (98.1% liked)
Technology
59710 readers
5629 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Uhm, they are getting laid off to increase profit margin, or at the very least so that the CEO can say so at the next shareholder meeting. Do not confuse a workplace with private ownership, that is capitalism.
They're getting laid off because there IS NO PROFIT MARGIN.
That depends on the time frame considered. Short term loss is often used as an excuse to lay people off for long time gains.
EDIT: Purges like these also often target people they want to get rid off, but legally can not otherwise fire. Such as old people.
From my understanding their long term unprofitable. They were started by venture capital and they've operated on venture capital to capture the market.
That's a big part of how they were able to gain dominance of a market previously dominated by TeamSpeak, Mumble, and Ventrilo with a completely free offering.
They've basically been running in loans and now money isn't free anymore/interest rates mean something again.
Yes, but they also have a huge monopoly on communities that are hard to build up again on new platforms. Especially problematic is that many use it as forums, but all the information is not indexed on search engines, so you have no choice but to have an account and join a community to see what info is available. These communities are going to be held hostage and subjected to tons of anti-features going forward so the capitalists can get return on their investments.
I am not saying every business will give a positive ROI, I am saying many shitty things will be done to assure it. Even if ROI is positive, shitty choices will be made in an attempt to make it higher. That is a result of capitalism.