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Say it with me boys and girls… Infinite growth is not sustainable…
Yep, cancer isn’t sustainable.
Good analogy …. 🤯
Exactly.
This is why I’m happy I work for a Family owned company. They know some years revenue just won’t be bigger and that’s ok. I’ve only seen like one wave of “layoffs” and even then most of the people that left just took an early retirement deal coz they were going to retire that year anyways, so that basically fixed the re organization that needed to happen
I hear what you’re saying, but revenue isn’t profit.
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Profit isn’t required to maintain a company. Only enough revenue to cover costs. Everything else is a surplus.
Profit would be appropriate if it were earmarked to offset difficult future fiscal periods, so that the business could continue to operate in lean times without having to punish employees through layoffs or failure to keep up with cost of living or cutting back on other benefits.
But we all know that’s not what happens. Owners never have to experience consequences; customers and employees always do, for things that they have no control over.
Absolutely, but I would even go as far as to say that things like rainy day funds or reinvestment should be considered costs of business not “things we might do with profit”.
Oh yeah, yeah - from a financial/reporting perspective, such a fund wouldn’t be considered “profit” in the strictest capitalist sense.
If you consider that kind of fund to be for the benefit of customers and employees, it might be considered “socialist profit.” Capitalist profit serves the ownership class. Socialist profit serves labor and consumers.
Layoffs.
Otherwise known as “fuck you for working your ass off to make us rich, we’re taking your health care, benefits and retirement. Your rent is now in jeopardy and we recommend potatoes at , or in place of, every meal”.
That July 2024 outage must have hit their forecast pretty hard. Best wishes to those affected :(
Yeah, I’m surprised this didn’t happen sooner frankly.
What a fucking shit company.
Were they all in QA?
Clownstrike doesn’t know what that is, but they will be sure to ask an LLM about it some time!
I just read from a different article, they’re laying off 5% around the world… and using AI instead.
Well… Time to do some strike with the crowd
Guess getting p0vvN3d cut their legs out after all. Who’s going to buy them, y’think?
Probably Oracle. It’s evil enough for their liking.
If Oracle buys crowdstrike they will lose even more customers. That is a toxic brand. Anybody who can avoid them does.
My money is on Clownflare, truly a match made in hell.
This headline… Could mean we’re laying off 1 million people and the 500 people left better keep up.
