this post was submitted on 15 Dec 2023
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Exactly. It's just goosing the numbers. The company made this much in profit, and the cost-cutting from firing people will save money immediately, so it looks great... on paper... for a little while. It doesn't matter if the company is gutted, because the CEO and most of the investors will dip before things get too bad, and go onto the next thing. The employees will suffer and the customers will be upset, but CEOs don't answer to them, they answer to shareholders, and shareholders just want the line to go up this quarter.