Embracer says it's looking out for shareholders after cutting almost 1,400 jobs

Comments

• Carighan@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Ah, it’s good someone is looking out for the poor poor shareholders. Just earlier I saw a long line of them at the unemployment office, begging for food from passerbyes, destitute in their poverty. /s

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  • partial_accumen@lemmy.world ⁨9⁩ ⁨months⁩ ago

    It really is sad these days. You can see them holding signs written on the back of Form 10-K documents at road intersections say things like:

    “Need dividends. Any amount helps. God Bless.”

    But really, you have to just ignore them. You know anything you give them they’re just going to blow on equities in unproven klepto-corporate business models with over aggressive spending attempting to capture market share in industries paying abusively small wages to their destitute workers. You can try to help them like I did one time:

    • Me: "Hey, here’s a couple of shares in a company that hires those recently released from prison for light industrial assembly work giving them a good reference for future employment. Its not worth much, but they do some good for the community."
    • Them: "Can I as a shareholder petition the board to fire the ex-cons, ship the assembly work offshore, and perform a stock buyback increasing the value of the shares?"
    • Me: "I don’t think the board is interested in that as it violates the company mission"
    • Them: “Then I don’t want those shares”

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  • Potatos_are_not_friends@lemmy.world ⁨9⁩ ⁨months⁩ ago

    The shareholders at the local yacht club were really bummed out because many of them were saving really hard to add another ship to their collection, and some might even have to cancel a 2 week international vacation. Ive started a GoFundMe because no shareholder should feel so deprived of those basic needs.

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• Aremel@lemmy.world ⁨9⁩ ⁨months⁩ ago

  It’s refreshing to see evil motherfuckers being evil openly instead of trying to hide it with doublespeak or outright denying it. I love Coffee Stain Studio’s games and how they handle monetization, and this announcement makes me worried for both the studio and their projects.

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  • Gork@lemm.ee ⁨9⁩ ⁨months⁩ ago

    Damn I didn’t know that Coffee Stain was owned by Embracer.

    If Embracer forces them to stop working on Valheim or Satisfactory imma shit some bricks.

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    • SkyezOpen@lemmy.world ⁨9⁩ ⁨months⁩ ago

      If they somehow shove mtx into valheim I’m gonna riot.

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    • ech@lemm.ee ⁨9⁩ ⁨months⁩ ago

      Ah damn, really? CS publishes some great games.

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    • cows_are_underrated@feddit.de ⁨9⁩ ⁨months⁩ ago

      Then let’s hope this doesn’t happen

      -Your Intestines

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• haui_lemmy@lemmy.giftedmc.com ⁨9⁩ ⁨months⁩ ago

  Abolish shareholder primacy

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  • Marsupial@quokk.au ⁨9⁩ ⁨months⁩ ago

    Abolish shareholders.

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• dumpsterlid@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Image

  CALLING ALL THE CONDESCENDINGLY PEOPLE WHO KEPT SAYING “LETS JUST WAIT AND SEE” WHEN PEOPLE LIKE ME POINTED OUT THIS WOULD HAPPEN.

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• KingThrillgore@lemmy.ml ⁨9⁩ ⁨months⁩ ago

  At least they’re being honest about it!

  As an Embracer shareholder, I think i’m ready to sell at a loss and move on with my life. This company is doomed.

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• Phegan@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Embracer can suck my dick.

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