Yet another company hurting massively for their bad bets in physical office space.
Silly boomers, it’s 2023.
it’s 2024
Cite your sources
The Gregorian Calendar
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Despite reporting profit of $1.3 billion last quarter, which it described as “another quarter of solid results,” eBay today suggests that there is a “Need for Change.”
It sounds like they aren’t even hurting, they just are ritualistically cutting off a pound of flesh for Wall Street.
The C in C-suite stands for Cunt
We need laws around layoffs, stat. It shouldn’t be legal for execs to layoff a thousand people and still keep their own jobs. It’s their failure that caused the issue in the first place - they’ve been safe for too long.
The only issue they’re having is number not go up.
And what would that law be?
I mean, I’m not a lawmaker, but ideally if execs do layoffs they should either have to also layoff a certain percentage of upper level execs dependent on the # of people laid off, and/or the company or execs should have to pay fees dependent on the # of people laid off.
No C suite bonuses if layoff happened within the year and no share buybacks for companies who initiated layoffs in that year either.
You’re suggesting the government should be be involved in a private business hiring / firing decisions? And pay fee’s also? So if a business is having a down time, they don’t have funds for payroll, you want to fine them? A large project concludes, they lay off those people, they need a fine? So they’ll need to calculate fines into the price they charge for projects?
Maybe look at this another way:
The government should represent the interests of the people. If the people have shown interest in curbing these layoff behaviors, where thousands of people lose their jobs while management remains in place with no apparent cuts to the top billing, then why would lawmakers not want to translate these interests into legislation?
I get a reasonable wariness of keeping the government out of private business, but if you have a town of 10 people, all employed by local business owner, and that business owner lays off two people, you have a large percentage of the population affected. If the townspeople enact a local ordinance to prevent this kind of behavior in the future, would they be in the wrong?
To prevent … what kind of behavior exactly? Firing people? I’m for the government protecting peoples interest, but also a business needs the freedom to hire and fire as they see fit, without beuaracy involved. Maybe you’re more referring to a union?
how do you know management is not also being fired? Should the ‘people’ be given a list of potential fires and they vote on who the business can fire?
It’s easy to screech “nuh uh” at ideas people toss around, where are YOUR solutions that aren’t “Shouldn’t have been part of the 10% laid off, fucking losers! ALL HAIL CORPORATE PROFITS!”
Yep, that sounds great to me! At least for large corporations. Obviously shouldn’t apply to contractors, but that sounds great.
you are forgetting that businesses already pay unemployment. That is their ‘fee’ basically. Your unemployment funds come from the payments a business makes during their monthly or quarterly taxes they pay to the state. When they fire anyone , their unemployment payments they have to make increase the following years. Each year the state looks at how many people a company hired / fired and adjusts their payments for the year. And that calculation takes account the last 3 or so years where I am.
Lmao they’re closer to criminalizing lunch breaks than that.
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I am more surprised that eBay has more than 11,000 employees.
Parts of that site still feel like they’re from 2000. What do these people do?
This should cover their asses on that big lawsuit they just lost for harassing that poor old couple. Projected profits would be down ~$300m over the period of time they intended to pay this out, I assume, not much of a mathematician. Gross.
And the techBro war on skilled wages continues…
It’s a good thing we haven’t raised their taxes or wages. I heard that as long as we don’t do that they’ll NEVER lay people off or raise prices!
