674
YouTube Music team laid off by Google while workers testified to Austin City Council about working conditions
(www.businessinsider.com)
this post was submitted on 03 Mar 2024
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Technology
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Well, well, well.... who would have thought that the company who said don't do evil did evil anyway. This is why I don't trust corporations because their only loyalty is to investors who just wants more money.
Genuinely, why is it so difficult to be a good company? There's that one company that paid all their workers like 70k and the employees would die for the company. Loyalty means something and reinvesting in your workers builds a stronger company, no? What's the deal? Everyone fights for pennies vs building a strong foundation in a company culture and living it.
The people making the big decisions aren't the ones working. They're the ones put in charge to make money for investors, who want monthly returns. Not "here's what will get us 1XX% growth in 6-8 years," but now.
And you'd think this would only be the case with public companies, but private equity is gobbling up quality companies and milking them dry by cutting costs and abusing their brand's good name. People want returns on their investments QUICK these days.