Nokia set plans to cut its workforce by up to 14,000 as it reported a steep drop in third-quarter profit. The telecom equipment maker said it’s looking to...
What’s the alternative though, hire as many people as possible and fail?
If you are losing market share and profits then something needs to change, if you can cut costs of that. It’s a ridiculously big number and incredibly unfortunate but it’s unrealistic to think it’d be anything else
Yeah, fuck people, it’s all about the shareholders
I thought that quote satire. Nope it’s real. JFC. 😩
Legally, they aren’t even allowed to care.
They have a duty to maximize profits.
What’s the alternative though, hire as many people as possible and fail?
If you are losing market share and profits then something needs to change, if you can cut costs of that. It’s a ridiculously big number and incredibly unfortunate but it’s unrealistic to think it’d be anything else