That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

  • RoosterBoy@lemm.eeEnglish
    83·
    4 months ago

    “Here is more evidence that our system is fundamentally broken and doesn’t serve the people who make it run anymore”

    You: “How can I profit from this?”

    You sound like a CEO in the making.

    • Todd Bonzalez@lemm.eeEnglish
      10·
      4 months ago

      I mean, stock prices do go up after stuff like this. It’s a reliable way to profit.

      The system sucks, but this is literally how rich people turn money into more money, while we complain we don’t have enough.

      I may be a socialist, but I live in a capitalist dystopia, so sometimes I just exploit the system that exists instead of constantly taking the idealistic high road and getting kicked in the teeth for it.

      • UnderpantsWeevil@lemmy.worldEnglish
        7·
        4 months ago

        Even Marx dabbled in the equities markets.

        People seem to think having an economic philosophy is the same as having a moral philosophy. Absolutely not. If you look at a system and conclude “This is dysfunctional, it’s leaking money everywhere” that doesn’t preclude you from getting a sponge and mopping some of that money up.