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Nokia to cut as many as 14,000 jobs as profit drops by 69%
(www.marketwatch.com)
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this post was submitted on 19 Oct 2023
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Yeah, fuck people, it's all about the shareholders
I thought that quote satire. Nope it's real. JFC. 😩
Are you trying to tell us you care for your ceo and you expect the same from him? Lmfao
Legally, they aren't even allowed to care.
They have a duty to maximize profits.
What's the alternative though, hire as many people as possible and fail?
If you are losing market share and profits then something needs to change, if you can cut costs of that. It's a ridiculously big number and incredibly unfortunate but it's unrealistic to think it'd be anything else