860
Whenever I hear of another billionaire I'm filled with a kind of tearful revulsion.
this post was submitted on 19 Jan 2024
860 points (97.8% liked)
Work Reform
10040 readers
704 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
Hmmm.... I get a certain vibe from this letter. I swear I have seen it somewhere before
Markdown link is the other way around [text](link)
On lemmy, you do it like this so it embeds inline:
I feel like there aren't enough heads turned on investors who could care about employees even less than companies do.
They even have more bargaining power than any employee or protester to make the company do what they want.
I think asking for lowered compensation is definitely shitty and he should be condemned for that.
However, can someone explain to me the vitriolic opposition to downsizing/layoffs whenever this topic comes up?
I don't see how anyone has a right be hired and work at X company. It is, after all, their company and their decision. Surely we can all agree that sometimes companies make strategic mistakes in terms of hiring and need to correct them later on. Also, circumstances could simply change, products be canceled or no longer need as much manpower etc.
What am I missing?
My disgust with it is that it's simply a call to reduce labor not that there should be less people working on x or we should stop working on y. He views that this many people can't be productive simply because he wants the company spending less on staff so his profits or share price goes up. It's short sighted but since investors only care about the next quarter it doesn't really matter to him.
load more comments
(11 replies)
"Reduce the 'headcount' but profits must not decrease by one single penny."
Said no one who understands how businesses work, ever. If capitalism actually worked the way these people claimed it worked, we wouldn't have so many idiot billionaires.
Summarize the letter into one or two sentences and read it in Mr Zorgs voice.
Yup, spot on.
Jean-Baptiste Emanuel Zorg
I know this added nothing but I had to get that out.
What these big giants were trying to do is scoop up as much talent as possible so they don't end up at a competitor, even if that meant some employees would be getting very light workloads. that's one of the many reasons too Google keeps starting new projects and killing them a few years later.