this post was submitted on 13 Feb 2024
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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 (1 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

[–] Sanctus@lemmy.world 13 points 9 months ago

It should be illegal to fire workers to trim costs when your packages make you a multimillionaire.

[–] alphacyberranger@lemmy.world 8 points 9 months ago

He should trim down himself first and then his salary as well.

[–] veeesix@lemmy.ca 6 points 9 months ago (1 children)
[–] PlantObserver@lemmy.world 2 points 9 months ago

That's one fat meal

Sounds like they need to trim the CEO

[–] BigMacHole@lemm.ee 1 points 9 months ago

It's a good thing we haven't Raised Wages or Taxed the Rich! Otherwise they might Lay People Off!