This is one of the few industries that consistently and continuously posts record profits while also firing everyone who put in the work to make the success possible.

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[–] Tischkante@discuss.tchncs.de 37 points 1 year ago (3 children)

Also layoffs temporarily raise the stock price, it's probably more costly in the long run… but who cares as long as the numbers go up for a bit and everyone gets bonuses.

[–] aesthelete@lemmy.world 7 points 1 year ago* (last edited 1 year ago)

who cares as long as the numbers go up for a bit

Especially when you're mostly stock compensated. Just make the numbers go up long enough to see your share prices soar, browse around for a different job in the meantime. Sell your stocks at a high, exit the company as it implodes behind you. Rinse and repeat.

[–] fosforus@sopuli.xyz 5 points 1 year ago

who cares as long as the numbers go up for a bit

Ironically, that's the motivation with which I play many games.

[–] lorty@lemmygrad.ml 1 points 1 year ago* (last edited 1 year ago)

Then later they do big hiring sprees as part of investing in making bigger games, and stocks rise.