It’s pretty crazy how much they can raise employees salary by getting rid of ceo pay.
If the company had 1000 workers, they could each get a 30k raise.
Didn’t Microsoft just report massive profits after reporting they played off tons of people? Maybe it was in reverse order, but they knew they had massive profits at the same time they were laying off tons of people.
The Microsoft layoffs were a bit different because it was cutting redundant positions after the Actiblizzard merger.
Stuff like middle/upper management mostly I would bet, the company I worked for did a similar lay off after an acquisition not long ago.
Didn’t they cancel a game that’s been in development for over 5 years and lay off the whole team? That’s not exactly redundant positions.
From what I know of recent video game company layoffs, it’s mostly been the cancellation of an in-development game in order to get rid of all the employees working on it.
I tried to search, only thing I found was an unnamed “survival game” blizzard announced in 2022.
It was 1900 people, Microsoft has over 200,000 employees for reference.
They already made those “redundancy” cuts last year. This last round of layoffs was a bunch of software devs and artists of all experience levels, and basically the entire esports divisions for both Overwatch and CoD.
Also keep in mind, this was a record year for Blizzard, profits wise.
Do you have a source for that first part? The deal only went through in October of last year and i can only find info on the most recent slate of firings.
That does suck though for those laid off of course, I hope they can find work they enjoy.
I hate feeling like an expendable human resource. When I was laid off it was completely without advanced notice, they’re never considerate enough to notify you two weeks in advance (like we are supposed to do).
It’s not like the executive types are known for their empathy. I’ve seen the Chairman of the Board throw full on temper tantrums (and throwing stuff) at his subordinates. They have zero qualms laying us off if it means it increases this quarter’s bottom line.
I live in a country where the company or you need to notify the other 2-6 months in advance. You can only quiet earlier if it is mutual.
I recommend joining a Union so you can also have the safety benefits that we do.
I live in a country (the US) where secondary and general strikes are illegal, so unions don’t have as much power.
Cool comic but is it necessary that we see corpo and ceo bad posts every day? I didnt know this is boringdystopia. Lets either coordinate strikes or not talk about it at all.
Not talk about it at all? That’s kinda… Stupid. That’s stupid.
Fine… maybe I should have said not talk about it every day?
Respectfully, fuck that. The fascists have been hard at work moving the Overton window to their side. The left should be doing the same
Well absolutely. How do you think this will be achieved?
Hahahahahahahahahahahahahahaha…
You serious?
For real though. Yes the CEO can get a pay cut, but that is unlikely to save more than a few individuals. The costs of labour are just that high, often the highest of all costs a company has. That’s why laying off staff, although terrible, is the best way to save money for a company.
I agree that CEOs earn waaaaay to much for what they actually do, but cutting that is not the magic solution people imagine it is.
Even the famous pay cut by Shigeru Miyamoto of Nintendo was accompanied by other cost saving measures in the company, and only because Japanese law demands that layoffs be the last thing a company does.
I agree that CEOs earn waaaaay to much for what they actually do, but
No but required. It sounds like you agree. Some of us are just more mad about it.
It would have been a better post without the “y’all are stupid” laughter at the very start (though it might probably have been downvoted even then, but maybe less, for whatever that is worth). I agree with the business part of what you wrote.
TODAY: The dam has never been more profitable, now that we’ve fired all the folks with their fingers in the little cracks.
THIS TIME NEXT YEAR: Oh no! The dam has failed! Please help us, we need bailouts!
