this post was submitted on 19 Jan 2024
110 points (100.0% liked)
Technology
59219 readers
3320 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Investors asking for headcount reductions seems so slimey. Costs go down, short term profit margins increase, stock ticks up, rinse and repeat until the company is totally gutted and starts going under: sell stocks.
I've worked at companies who based their entire long-term strategy around appeasing investors, getting big exec bonus, and crapping all of their long-term revenue because they're only goal is enriching themselves before bailing.
It's like an infestation. There is virtually zero incentive for thinking about the future of a company beyond the stocks price for the next 5/10 years, and nothing is ever off the table to hit those targets.