Re:DigitalOcean Profits Up, More Stock Buybacks, but lays of...
by bhhaskin on Thursday February 16, 2023 @10:03PM
(#34830176)
They are laying people off because now is the time to do it so people don't think twice about it. Best way to remove dead weight with little consequence.
Re:DigitalOcean Profits Up, More Stock Buybacks, but lays of...
by s1artibartfast on Thursday February 16, 2023 @11:41PM
(#34830859)
Seems like the meme based leadership is working if they are bringing in record profits and conducting stocks Buybacks.
Feel free to remind me if they go into bankruptcy
Re:DigitalOcean Profits Up, More Stock Buybacks, but lays of...
by Apocryphon on Friday February 17, 2023 @10:43AM
(#34835924)
Perhaps record corporate profits is not something society should optimize for if it accompanies large amounts of disruption in the lives of people.
Re:DigitalOcean Profits Up, More Stock Buybacks, but lays of...
by cyanydeez on Friday February 17, 2023 @03:59PM
(#34840488)
When you've spent the past 30 years ensuring that your plate is always filled first by buying out the political class, of course you'll get record profits.
That don't stop your decisions from being arbitrary and just following the herd.
Re:DigitalOcean Profits Up, More Stock Buybacks, but lays of...
by x11vnc4life on Friday February 17, 2023 @01:01AM
(#34831350)
A bunch of emotionally stunted amature stoics who heard a ted talk about decimating legions have a go at it for themselves
A meme: that times are tough and firing people will free up capital.
It's a meme my boy. people are losing their jobs cause CEOs need to "make tough decisions".
They're not doing business evaluations. They're following the herd. A meme.