this post was submitted on 08 Apr 2026
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[–] bearboiblake@pawb.social 38 points 11 hours ago* (last edited 11 hours ago) (2 children)

AAA profits are higher than ever. Layoffs are tremendously inefficient. They do nothing to reduce costs long term, and can actually lead to increased costs. There is a good amount of economic research which demonstrates that.

Layoffs are corporatist virtue signalling.

[–] rafoix@lemmy.zip 19 points 11 hours ago (1 children)

Shareholders only want short term gains so they could sell their shares and win big.

Long term goals are for the suckers that bought the artificially inflated stocks.

[–] bearboiblake@pawb.social 7 points 11 hours ago* (last edited 11 hours ago)

Layoffs actually tend to artificially deflate stock prices as it's seen as a signal of a company in financial distress - this is actually one of the reasons why industries tend to do layoffs simultaneously across multiple corporations. Of course this can be used to turn a profit through short selling but you'd need to have some sort of prior knowledge to set up the short positions prior to the layoffs being announced.

[–] Davel23@fedia.io 10 points 11 hours ago (1 children)

Just FYI, "dearth" means a scarcity or very little of something.

[–] bearboiblake@pawb.social 12 points 11 hours ago (1 children)

Oh wow, you're right, why the heck did I think it was the opposite? I've been misusing that word for years. Thanks for letting me know!

[–] atomicorange@lemmy.world 2 points 3 hours ago (2 children)

The opposite would be a “plethora”

[–] eltrain123@lemmy.world 1 points 2 hours ago

Would you say I have a plethora of piñatas?