With BILLIONS in annual profit, laying off doesn't make sense.
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that is how capitalism works, until it becomes unsustainable
It doesn't take a super-genius to see when the correlation between increased productivity and increased income stopped, or what the causes were. We're firmly committed to the path of "infinite borrowing for infinite growth" followed by "bust!"
They want the elites who own these stocks to be more happier each quarter. They'll destroy any amount of lives to put extra dollars in their pockets
they only care about keeping investors happy