This attitude needs to stop. We have normalized treating people like machines that can just be turned off and on at a whim.
Sometimes a layoff is necessary, but we have gotten to a point where it’s just a normalized no foul action that actually raises stock prices instead of being seen as a failure of leadership.
Maybe Disney couldn’t prevent these layoffs. I don’t really think that their current struggle with DeSantis is what’s behind this.
For the record, they had a profitable year last year ($28 billion profit), and the year before that.
People keep talking about layoffs like they are no big deal and people just have a bad week or two and then have another job and everything is just fine. We’re talking about a country where people’s healthcare is tied to their employer. Where many people are living paycheck to paycheck or don’t have savings enough to whether a prolonged unemployment.
People really need to stop acting like layoffs are no big thing and we should all just accept them without complaint as seasonal inconveniences.
> This attitude needs to stop. We have normalized treating people like machines that can just be turned off and on at a whim.
Sorry, I can't hear you over the sound of all the money that just got made by treating employees as disposable.
Any profit-driven company would literally feed its employees into a meat grinder if it were not illegal and it made the stock price or valuation go up. "Ethical" concerns that don't increase profit might not as well exist.
"Any profit-driven company would literally feed its employees into a meat grinder if it were not illegal and it made the stock price or valuation go up."
This is uncomfortably true, at least for too many companies.
Unfortunately, though, our society lets them get away with it. Too many people are willing to just shrug and say "that's business" and act like there's simply no other way to be.
Yeah... Investors should wise-up to top top management that specialize in destroying every form of non-tangible capital for short term gains, banking in a commission, and moving to a healthier company.
But well, in practice "investor" is really a name for powerless people whose money is managed by those same people applying the con. So I don't think they will wise-up any soon.
Sometimes a layoff is necessary, but we have gotten to a point where it’s just a normalized no foul action that actually raises stock prices instead of being seen as a failure of leadership.
Maybe Disney couldn’t prevent these layoffs. I don’t really think that their current struggle with DeSantis is what’s behind this.
For the record, they had a profitable year last year ($28 billion profit), and the year before that.
People keep talking about layoffs like they are no big deal and people just have a bad week or two and then have another job and everything is just fine. We’re talking about a country where people’s healthcare is tied to their employer. Where many people are living paycheck to paycheck or don’t have savings enough to whether a prolonged unemployment.
People really need to stop acting like layoffs are no big thing and we should all just accept them without complaint as seasonal inconveniences.