Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs::Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.
It should be illegal to fire workers to trim costs when your packages make you a multimillionaire.
n3m37h@lemmy.world 9 months ago
Trim costs to give himself and stockholders more money FIFY
TheRaven@lemmy.ca 9 months ago
Costs almost always means peoples’ jobs. Stockholders are almost always rich. So the title is really “Takes away peoples’ livelihoods to make rich people more money.”
But if we just cut taxes for the rich, they’ll create more jobs. It’ll trickle down eventually, right? Right?
n3m37h@lemmy.world 9 months ago
Don’t forget it saves you 50% time of putting your pants on in the morning! - Some CEO probably