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·
      3 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·
        3 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
          81·
          3 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.