61–70 of 193 posts
I wonder why we aren't hearing about companies selling more stock for funding. Sure it's at a huge discount, but better dilution than destruction, right? Is it just because the bailout loans offer them a better path? Or because they'd rather lay folks off than dilute?
Almost everyone I know who has run a business (myself included) has made similar sacrifices. This is not that rare. This guy seems to serially try to generate PR by making himself out to be a selfless CEO. In doing so, he is implying that most other CEOs/business owners are bad people.
It’s important there are vocal leaders showing the sacrifices they are making — otherwise it’s easy for others to pretend it isn’t possible to make the same sacrifice.
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
"And the principle of really existing free market theory is: free markets are fine for you, but not for me. That’s, again, near a universal. So you — whoever you may be — you have to learn responsibility, and be subjected to market discipline, it’s good for your character, it’s tough love, and so on, and so forth. But me, I need the nanny State, to protect me from market discipline, so that I’ll be able to rant and r…
if we care enough we can compile a simple list of layoffs happy companies to boycott.
Are we really patting people on the back for cutting their own pay to allow employees to be paid more? That's how economics work: if you want to pay X then you have to find that money somewhere.
Earlier quoted context omitted.
People like to compare the current situation to wartime and I think some of the parallels are useful. In wartime there is a much stronger moral backlash against perceived profiteering. We're seeing it in the UK with campaigns to boycott companies that have already shown no desire to share the nation's pain. Hopefully companies that cynically abuse the bailout will find themselves tarnished in a way that is harder to…
It kinda happened with Gamestop here. They tried to classify themselves as essential business first ( I kinda bought the argument btw. - there are people who don't handle isolation well; entertainment helps ), but after backlash all of a sudden delivery @door came into being. I will add that all of a sudden, I have way more respect for Amazon ( not for their employee practices ; it is a separate can of worms ). Their…
At this point it wouldn't be worth the risk to allow people to get games at a slightly better price because it is used at Gamestop.
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
"What I've been hearing on the internet..." Good grief
The SF company I worked at (public, $B revenues, familiar name) laid off all contractors one week into shelter in place, two days after their quarterly financials investor call. There’s been zero press about this particular company and their cuts.
FTEs, not yet... but those contractors, working for contracting companies (and some, like me, corp temps... so employed by said SF company) are all eligible for unemployment benefits.
But still, laid off.
There are a bunch of tech CEOs who pay themselves one dollar. https://thehustle.co/1-ceo-salary/
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
"And the principle of really existing free market theory is: free markets are fine for you, but not for me. That’s, again, near a universal. So you — whoever you may be — you have to learn responsibility, and be subjected to market discipline, it’s good for your character, it’s tough love, and so on, and so forth. But me, I need the nanny State, to protect me from market discipline, so that I’ll be able to rant and r…
Stewart Butterfield (Slack CEO) was asked if he'd commit to not doing layoffs and I appreciated his response[1]. Effectively pointing out that it's easy to just say yes in their position, and that it's presumptuous of Salesforce to be asking for no-layoff pledges. It's pretty meaningless and comes off as shallow or self-serving PR for types of businesses that are doing better than ever right now or can easily weather…
What I've been hearing on the internet is that companies are racing to lay off as many people as they need to now, before applying for their free bailout money from the government. It also sounds like businesses are trying to lay off more than they actually need to lay off, in order to get the maximum benefit. The terms of the bailout loans are such that they can lay off people before they apply, get the money, and s…
"And the principle of really existing free market theory is: free markets are fine for you, but not for me. That’s, again, near a universal. So you — whoever you may be — you have to learn responsibility, and be subjected to market discipline, it’s good for your character, it’s tough love, and so on, and so forth. But me, I need the nanny State, to protect me from market discipline, so that I’ll be able to rant and r…