this post was submitted on 13 Feb 2024
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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.

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[–] n3m37h 30 points 1 year ago (1 children)

Trim costs to give himself and stockholders more money FIFY

[–] [email protected] 8 points 1 year ago* (last edited 1 year 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 1 year 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

[–] Sanctus 13 points 1 year ago

It should be illegal to fire workers to trim costs when your packages make you a multimillionaire.

[–] alphacyberranger 8 points 1 year ago

He should trim down himself first and then his salary as well.

[–] [email protected] 6 points 1 year ago (1 children)
[–] PlantObserver 2 points 1 year ago

That's one fat meal

[–] [email protected] 4 points 1 year ago

Sounds like they need to trim the CEO

[–] [email protected] 1 points 1 year ago

It's a good thing we haven't Raised Wages or Taxed the Rich! Otherwise they might Lay People Off!