That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

  • kandohEnglish
    13·
    2 months ago

    These layoffs will only be for a quarter or two. Just enough for the c-levels to unlock their full bonuses.

    • interdimensionalmeme@lemmy.mlEnglish
      13·
      2 months ago

      And create a glut in their labour market niche, which will take many years before the wages recover to what they were. In the current 20 year permanent labour shortage scenario, this is the way to prevent wages from increasing. Sure these demand shocks will create issues by they’re making the bet the lower overall expenses for wages will make it all worth it. This is them leveraging the imbalance of power been employer and employee

      • 0ddysseus@lemmy.worldEnglish
        12·
        2 months ago

        If only there were some tried and tested method for the working class to join together and create a power block equal to the company in order to negotiate better pay and conditions and avoid these outrageous tactics. Pity