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209 points htrp | 1 comments | | HN request time: 0.206s | source
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idkwhattocallme ◴[] No.44444622[source]
For the most part, I'm indifferent to layoffs. Companies over hire and then course correct. It's part of the game. But for MSFT, it rubs me the wrong way. In the past 5 years, their stock has soared (150% on stock and doubled in valuation). They are insanely profitable ($82B profit). They are diverse (no existential business risk). The fact that they are unceremoniously laying off 30K of the people that helped them get there drives home it's just a paycheck, do your job, but know it can and will end when convenient for the company. I know folks will argue, low performers, but really. This "productivity apps" company hired them, onboarded them, made $82B in profit, surely they can figure out how to uplevel folks. Also how do you have a layoff every couple of months for 3 years. Thinking about the middle class in the previous generation, it was unions that effectively ensured a labor job meant a secure future. I wonder if that's the solution (again).
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jimt1234 ◴[] No.44446696[source]
I was raised in a union-supported household. I've posted about it on HN before, but the tl;dr is that I'm still conflicted because:

- Pro: My father only graduated high school, yet was able to support a middle-class family - a house, two cars, 3 children, healthcare, etc., all with his union trucking job. That is almost unheard of today.

- Con: My father often talked about the corruption, like work being throttled to meet only the minimum output requirements in the union contract, and guys just sitting around, playing cards for half-a-day because it only took them a few hours to meet the requirements. (And new guys would get "talked to" in the parking lot if they tried to do too much work.)

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1. antifa ◴[] No.44448439[source]
What's really the difference between union guys playing a little bit of cards on the boss's dime and the boss paying you poverty wages so he can upgrade to a bigger yacht? might as well pick the option that's going to have your back.