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.

  • 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.