Robert ReichApr 19, 2023

Meta announced a $40 billion stock buyback two months ago.

The same corporations telling us they have no choice but to lay off workers are simultaneously spending huge sums enriching shareholders.
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RT @MorePerfectUS
Meta, parent company of Facebook and Instagram, has announced another round of mass layoffs, with 4,000 workers getting the ax this time.

This is the 3rd round of mass layoffs, and under shareholder capitalism firing…
https://twitter.com/MorePerfectUS/status/1648688231649624064

More Perfect Union on Twitter

“Meta, parent company of Facebook and Instagram, has announced another round of mass layoffs, with 4,000 workers getting the ax this time. This is the 3rd round of mass layoffs, and under shareholder capitalism firing thousands of people has sent the stock price soaring. /1”

Twitter
Show threadTucker Teague

@rbreich Yes, I can't stand Meta & all these others companies doing mass layoffs, etc. BUT the system is working as designed. The shareholders are the only ones that matter. Capitalists are being capitalists, working the capitalist system created by capitalists & enforced by the capitalist government. This is the whole plan, the game itself. They have no reason to feel any remorse. They are the winners. They play by the rules (which they made & can change however).

We need to change the system.

Apr 20, 2023 at 12:42amWeb