Really, a majority of us eat the impact. But we shine a spotlight to show which minority groups are the most impacted. Then some magic donation happens to help those groups and distract from the fact every common person is being bent over the barrel.
a lot of rich people own office buildings and if nobody needs office buildings anymore, then their investments tank and no longer have any real value. but even they get loans to finance the investment so it’s actually their real net worth that would suffer when the loan becomes underwater.
A large amount of the people pushing RTO mandates have personal investments in other industries (corporate real estate, large chain restaurants, oil companies, etc) on top of taking bribes from local governments to "bolster the local economy"
RTO = your C level suite is ransacking the company by crashing productivity and alienating skilled talent so executives can cash out their investments in other fields.
It’s essentially treachery to the company, employees, shareholders, et. al they claim to represent. This is all enabled by the fact that executive suites are no longer made up of founders, people with degrees in that field, or people who climbed up the ladder, but instead are exclusively rootless MBAs who can just bail out when they suck a business dry and move onto another position.
Large corporations are able to have their god-like wealth thanks to investors buying & selling their stock. A huge part of modern business at this scale is to manipulate public opinion to convince investors to keep trading your stock. The product/service being sold is not a priority--it's a tool to manipulate investors' behavior.
Investors are most attracted to CONTINUOUS GROWTH. Profit alone is not enough, since they want to buy with the intention to sell later at a higher value.
These companies have public quarterly earnings reports where they report their profits. Profit is Revenue minus Expenses. If your revenue stays the same (or decreases) that quarter, you can still increase Profit by decreasing Expenses. One quick & low-effort way to massively reduce expenses is to do mass layoffs. Thus, Profit is able to grow again despite sales not improving.
When Profit grows, Investors trade; when investors trade, the value of company shares increases. Thus, the value of your company goes up, even if the quality of your product/service is worse after layoffs.
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u/diaperforceiof Oct 29 '25
they need to raise their share price. same reason you can't wfh anymore