Thread regarding Wells Fargo & Co. layoffs

45 out of 50

Between April and September, 45 of the 50 most valuable publicly traded U.S. companies turned a profit, but most of them used that profit to pay their shareholders and CEOs while they laid off tens of thousands of workers.

SOURCE
https://www.washingtonpost.com/graphics/2020/business/50-biggest-companies-coronavirus-layoffs/

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| 1631 views | | 5 replies (last December 17, 2020) | Reply
Post ID: @OP+18rkh2FK

5 replies (most recent on top)

Companies existed long before they became beholden to stockholders over their own employees. That started in the 80s, at least to the extreme it is now.

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Post ID: @1bsf+18rkh2FK

The bottom line is. You provide a service to a corporation in return for money. No matter how comfortable they make you feel with vacation and 401K match, you are just a human resource. Learn what you can and take it to the competitor for more money!

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Post ID: @1owb+18rkh2FK

returning profits shareholders is why the companies exist. this isn't new.

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Post ID: @ery+18rkh2FK

So, they're supposed to lose money voluntarily? Sounds like forced charity, aka tax.

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Post ID: @iuv+18rkh2FK

You're surprised at this? Look what happened after the trump tax breaks a few years back.

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Post ID: @owf+18rkh2FK

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