Why is a company worth 1.8 trillion dollars laying off staff? This is a company — the world’s third wealthiest — which made something like 17 billion dollars this year.
Why, in a time of hardship, would a company making such gargantuan profits lay off thousands of employees?
A percentage point downturn in revenue doesn’t sound a fair justification. A desire to invest heavily in AI? More plausible, perhaps.
Still, where is their sense of social, ethical and corporate responsibility? What is the cost of their global domination? Are they not accountable for their accounting?
Last modified: 31 January 2023
