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this post was submitted on 26 Sep 2024
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I mean, that’s five billion net profit in the last 12 months. Are they expecting to lose more than five Billion dollars in the next twelve months?
5,000,000,000.00 of pure, uncut profit.
I'd expect them to lose at least half of that over the next 3 or 4 years if the recession happens
Okay so they still have 2.5 Billion in their pocket and the net profits from three or four more years?
Let’s say they “only” make two Billion in net profit for the next three years. They’d have eleven Billion dollars just sitting there. ¯\_(ツ)_/¯
Does that make you mad? Do you wish you had that money instead?
This is Lemmy; theres very vocal cohort of the users who are anti-corporate, poor grasp of the financial system, and have no content to read so they wander out into communities they have no business in.
Don’t bother.
Er, sure, but - is the larger point not clear? They don’t need to fire people. They’re ludicrously profitable.
Not immediately no, but it increases their margins which makes the company more likely to survive a significant economic downturn.