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circuitfarmer , to news in John Deere lays off hundreds of employees, after a $10B profit year
@circuitfarmer@lemmy.sdf.org avatar

The need for year-over-year growth is ultimately strangling the system. At the moment it is easy to lay a bunch of people off and claim that growth. Eventually (at some point in the future), it won’t be mathematically possible unless the C-suite starts taking pay cuts, or they at least start eschewing their crazy bonuses. Expect them to milk that for good press (“These forward-thinking CEOs are dumping the bonuses for… insert any random bullshit here!”) or other such marketing nonsense.

Eventually, it will stop, when the system no longer functions at all. Infinite year-over-year growth across the board is an impossibility.

bradorsomething , to news in John Deere lays off hundreds of employees, after a $10B profit year

Well of course, they’re not an employment company, they’re a money making company. The workers can go eat sand, and they’ll sell it to you, with no fear of the government doing anything.

Sam_Bass , to news in John Deere lays off hundreds of employees, after a $10B profit year

Blind greed is a deadly affliction for all but the afflicted

bizzle , to news in John Deere lays off hundreds of employees, after a $10B profit year
@bizzle@lemmy.world avatar

I’m one of those guys that’s getting laid off 😭

FlavoredButtHair ,
@FlavoredButtHair@lemmy.world avatar

Sorry to hear this nobody deserves to be laid off. I hope you have a lot of money stashed away.

Laying off employees should be illegal. Fuck greedy dirty executives and CEOs.

bizzle ,
@bizzle@lemmy.world avatar

It’s actually not that bad because I’m in the UAW. So contractually, Deere still pays me “subpay” for almost a year (way less, but it’s something) and I keep my health insurance for 6 months. I also get callback rights for 3 years and I’m one of the first like 50 guys to get called back. I heard from a guy that would get fired for saying so that we’ll be back about the first of the year, so I’m just pretending it’s a long vacation.

I feel really bad for some of my salaried friends, they have no protections. They don’t get subpay, they don’t keep their insurance, and they definitely don’t get callback rights. Those poor bastards don’t even know who’s getting canned yet.

Meanwhile Deere spent billions buying back stock and sending our jobs to fuckin Mexico. When we went on strike I said we should open negotiations by rolling the CEO’s severed head across the table. Everyone said “God damn Bizzle, you ever consider chilling?” but now look, they think they can do whatever they want. No accountability. Welcome to the “Land of the Free”, as long as you’re fabulously wealthy.

FlavoredButtHair ,
@FlavoredButtHair@lemmy.world avatar

Well hopefully people will buy from a different brand.

Iloveyurianime , to news in John Deere lays off hundreds of employees, after a $10B profit year

So putting drm in your tractors isnt giving you enough money so you fire hundred of employees? are there any chances that all or some of them suggested to remove your stupid drm that is affecting farmers all around the word?

StephniBefni , to news in John Deere lays off hundreds of employees, after a $10B profit year

Why is the picture of pritzker? Is he laying people off?

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