this post was submitted on 29 Sep 2023
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[–] sugar_in_your_tea 16 points 1 year ago (1 children)

It actually does. If profit goes down (i.e. they're still making lots of money), they do layoffs to keep profit margins at the target level. It doesn't matter if they're still making tons of money, they cut costs if they're not making as much money as they forecasted.

[–] [email protected] 17 points 1 year ago (1 children)

Correct, it's a Classic move by Capitalist scum.