The retail sector is running as lean as they possibly can ATM. Always have I suspect, but it seems extra tight ATM. Tech seems the only sector getting hit with lay offs, and that’s down to gambling on AI.
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Inucune@lemmy.world 2 months ago
Need an excuse to fire people? Blame tartiffs.
shalafi@lemmy.world 2 months ago
ayyy@sh.itjust.works 2 months ago
If that were true, the Walton family, the Bezos family etc. wouldn’t be obscenely wealthy. There’s clearly margin there that they are hoarding.
shalafi@lemmy.world 2 months ago
I’m talking lean on staff, not profits.
Employee pay is far more than most think. Call it a little less than double your hourly wage, especially with even the most modest benefits. That’s why they cut us at every opportunity.
CEO pay is change compared to axing employees. I could go on all night, but each employee has costs way above their hourly pay. SOURCE: Worked IT at a payroll firm, saw the numbers, taxes, etc. You make $15? You cost $30.
Want more money? Want higher stock prices? Axe the employees. We’re the top cost center in almost any business.
Tollana1234567@lemmy.today 2 months ago
its actually AI now, they are blaming AI for the “lack of job growth”.