Hacker News new | ask | show | jobs
by worrycue 1135 days ago
Not saying I support this, because losing work sucks, but shareholders are the ones that own the company - the C suite is just there to run it on their behalf.

If shareholders think that firing a bunch of people to “eliminate waste” and pulling capital from the company in the form dividends to reinvest elsewhere is the way to maximise their returns (as a whole) then that’s what will happen.