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Reply to "Block fires 50% of company, stock up 25% "
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[quote=Anonymous][quote=Anonymous]Announcing mass layoffs always causes a company's price to go up. The question, of course, is whether the company will continue to grow once all those people are gone. When a company's revenue stagnates, it becomes dead to Wall Street, and no one cares about its stock anymore.[/quote] Pointing to AI as a reason to lay off staffers is a great way to cover up the fact that a company is failing and no one wants its crappy products and services. Revenue down? Yes, you need to layoff thousands to stay afloat, but that’s really bad PR and make the C-suite look incompetent. So just say it’s because AI is so super awesome that we don’t need all these expensive humans. 🤣[/quote]
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