Robert ReichMeta 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”
exEGS 🇨🇦