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by the_af 46 days ago
> so the management needs to cut the costs

I love it that they explicitly say in their blog post "this is not a cost cutting exercise".

Of course, every "regrettably..." letter from company execs is understood to be an entirely performative ritual.

1 comments

One smart old guy once told me that the only language you need to speak in the financial world is spreadsheets. No words needed.
Take it a step further. Words, in the financial world are largely used for obfuscation, marketing, concealing of the truth by financially motivated actors. Thus, financial literacy is looking at the numbers, market conditions and geopolitical situation, while consciously discarding whatever bullshit corporate speak is being disseminated by captured media.