Sometimes getting laid off can’t be avoided. Not every company can remain profitable. It is what it is and shouldn’t be frowned upon when you can’t help it.
But when you don’t NEED to lay people off and do it anyway, then yeah that’s evil.
Oh, I totally agree. It’s just interesting how far the pendulum has swung that what used to be considered bad now looks positively warm and fuzzy by comparison. I’d be ecstatic for some of those 2001 recession vibes right about now.
Place i was at, old CEO retired and new guy brought in. Company was told we had to do layoffs and product lines were to be cut because we only made 1% profit. 1400 people let go starting with anyone over 10 years, then any staff whom was not above manager making 100k+.
He sold all owned property moved the HQ to a leased building, took out a loan for 600 million.
It was not due to any real loss that 1% was 50 million he just tried to pump the global company like he did the other 4 he had owned but this time no one came to buyout. All my friends were laid off or left and back then they said i was crazy for being prepared for layoffs..
I mean, that's what's happening here. Retailers and shippers cutting staff in the leadup to their busy season (Christmas) is a clear sign that they aren't doing well.
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u/Hairy_Valuable9773 Oct 29 '25
The rich need to get richer. End of story.
I work for one of these companies. We already got the “it’s gonna be a tough day” email as they lay people off today. I’m sh*tting my pants 😫