this post was submitted on 13 Feb 2024
50 points (98.1% liked)

Technology

59711 readers
5729 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
50
Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs (variety.com)
submitted 9 months ago by L4s to c/technology
9 comments fedilink hide all child comments
 

Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs::Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.

you are viewing a single comment's thread
view the rest of the comments
[–] n3m37h 30 points 9 months ago (1 children)

Trim costs to give himself and stockholders more money FIFY

[–] [email protected] 8 points 9 months ago* (last edited 9 months ago) (1 children)

Costs almost always means peoples’ jobs. Stockholders are almost always rich. So the title is really “Takes away peoples’ livelihoods to make rich people more money.”

But if we just cut taxes for the rich, they’ll create more jobs. It’ll trickle down eventually, right? Right?

Workers are also the ones creating value for the company. This is like cutting off your leg so you can say you lost weight.

[–] n3m37h 2 points 9 months ago

This is like cutting off your leg so you can say you lost weight.

Don't forget it saves you 50% time of putting your pants on in the morning! - Some CEO probably