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submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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'Our long-term objective is to make printing a subscription' says HP CEO gunning for 2024's Worst Person of the Year award | Not satisfied with merely bricking printers, HP now wants to own them al...::It was only the other day we reported how HP has been slapped with a lawsuit in response to measures that disable its printers when fitted with a third-party ink cartridge. Now the company's CEO,

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[–] TrueStoryBob@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

Part of it is an effect of capitalism. What we're seeing across the tech space is exactly what has happened to retail, airlines, automotive, and even utilities... a company is doing well enough, but the investors want more return for basically doing nothing. Then there's a hostile takeover or shareholder revolt, they install a board that is more compliant with value extraction at any cost to customers and/or their own workers, and presto! You've enshitifacated a company!

Shareholders (at least the big ones) don't care about worker safety or customer satisfaction... this is what happened to Sears. The CEO gutted the company and then took a golden parachute away from the dumpster fire he created.