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by r_smart 3594 days ago
I imagine the logic is fairly simple: Same business, same products, less overhead. This should drive up profits in the short term, and if operations continue as they were previously, in the long term too. They also get to use terms like 'lean' and 'streamlined' in their investor reports. Stock bump.
1 comments

To be fair, most businesses in history eventually regress to market-matching through zero-sum tactics like this.