Sales down 1.2%? Still profitable on the order of billions? Better cut 7% of the workforce.
Hapankaali@lemmy.world
on 11 Feb 17:11
nextcollapse
Should companies hire people they don’t need?
Yes, there should be unemployment benefits, help with retraining, etc., yes, well-off individuals and companies should be taxed to fund these initiatives - but hiring people to dig useless holes is not a sound social policy, it’s just stupid.
They are only making 5.5% margins, and beer sales are in decline. Would you rather they employ people to do nothing then shut down the company and throw the other 81,000 out of work?
They’re cutting workforce to manipulate their stock price. I’d rather the corporate shitlords that are putting people’s livihoods at risk for a margin call get their teeth caved in with a brick.
They still made a $1.9B profit. That’s $23k for all 81,000 employees. Even if profit went to zero in future years, they have enough revenue to pay employees plus a bonus each year from the profit of just this year.
What is your reasoning for thinking the company might shut down if it kept 6,000 jobs on staff? If those 6,000 people make an average of $100k, then this profit only drops down to $1.3B.
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Sales down 1.2%? Still profitable on the order of billions? Better cut 7% of the workforce.
Should companies hire people they don’t need?
Yes, there should be unemployment benefits, help with retraining, etc., yes, well-off individuals and companies should be taxed to fund these initiatives - but hiring people to dig useless holes is not a sound social policy, it’s just stupid.
They are only making 5.5% margins, and beer sales are in decline. Would you rather they employ people to do nothing then shut down the company and throw the other 81,000 out of work?
They’re cutting workforce to manipulate their stock price. I’d rather the corporate shitlords that are putting people’s livihoods at risk for a margin call get their teeth caved in with a brick.
They still made a $1.9B profit. That’s $23k for all 81,000 employees. Even if profit went to zero in future years, they have enough revenue to pay employees plus a bonus each year from the profit of just this year.
What is your reasoning for thinking the company might shut down if it kept 6,000 jobs on staff? If those 6,000 people make an average of $100k, then this profit only drops down to $1.3B.