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Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs (variety.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Paramount Global Laying Off 800 Employees as CEO Bakish Cites Need to Trim Costs::Paramount Global, amid a swirl of M&A discussions, is laying off about 800 employees worldwide as it looks to trim costs.

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[–] n3m37h@lemmy.world 30 points 9 months ago (2 children)

Trim costs to give himself and stockholders more money FIFY

[–] TheRaven@lemmy.ca 8 points 9 months ago* (last edited 9 months ago) (1 children)

Costs almost always means peoples’ jobs. Stockholders are almost always rich. So the title is really “Takes away peoples’ livelihoods to make rich people more money.”

But if we just cut taxes for the rich, they’ll create more jobs. It’ll trickle down eventually, right? Right?

Workers are also the ones creating value for the company. This is like cutting off your leg so you can say you lost weight.

[–] n3m37h@lemmy.world 2 points 9 months ago

This is like cutting off your leg so you can say you lost weight.

Don't forget it saves you 50% time of putting your pants on in the morning! - Some CEO probably