[musicale]

> The billionaire executive said in the memo that more people might lose their jobs later in the year.

"I'm sure you understand that sacrifices must be made in order to prop up our stock price."

Bring on the next stock repurchase that could have paid those employees' salaries for the next 20 years.

[chii]

The money for stock repurchase is profit, which the stockholders prefer to get, rather than be used to fund employees that may not earn more profit (or at least not quickly enough).