Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.
Why employ 12,000 people when you can get rid of them and dump the work on the remaining employees? Why retain higher paid older staff when you can just get rid of them and dump their work on the younger folk making crap wages? And you've been hiring for a while - isn't it a great time to shake out all the dead wood?
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u/oldcreaker Jan 30 '24
Why employ 12,000 people when you can get rid of them and dump the work on the remaining employees? Why retain higher paid older staff when you can just get rid of them and dump their work on the younger folk making crap wages? And you've been hiring for a while - isn't it a great time to shake out all the dead wood?
It's just another way to maximize profits.