cross-posted from: https://lemmy.zip/post/73939581
Microsoft looking to remove 60,000 jobs, ~25% of the company
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This bubble is going to pop and then suddenly every tech company is too big to fail and every exec will be given a golden parashute. Atleas that is what the future looks like if we let them decide. I’d argue for some good French style justice and socialising profits and stolen assets
it’s not a bubble!!!
The true socialization will come when they get tax breaks or even subsidies.
Stock options are incredible tax dodges, used to be even better.
