Because it always about profit. If big companies like Meta and Amazon can make more profit with fewer employees, they will.
minus_minus on
This is silly circus shit. The answer will always be higher profits to pad their own compensation. We need to go back to 1950s income tax brackets where these clowns would be paying 90% on their bonuses.
Klumber on
Remember stories like this the next time you go on a rant how unfair China is.
Neutral-President on
Frog, meet scorpion.
pointblank87 on
Because congress will do nothing to stop any of them.
TechieSidhe on
Can she make it where Facebook has some sort of actual useful support besides their useless AI?
JackSpyder on
Wipe out all the tax breaks for companies over a certain market cap or revenue level. Its obscene.
artbiocomp on
Because they’re quarterly revenues have to go up every quarter to satisfy their shareholders. They will do that all the time because they have to. So it’s also absurd that we would give them money to help them do that when they are never out there to try to help build employment necessarily
Itzie4 on
Good question. Take away their tax perks.
Glum-Leadership4823 on
People still use Facebook?
ching_fam on
coz these big corpos wanna save every single PENNY!
BlueyedIrush on
I can’t wait for the fall of capitalism
raiansar on
The tax breaks were for job creation. The layoffs were for shareholder value. Apparently those come out of different budgets.
VVrayth on
There needs to be a comprehensive set of laws that binds companies like this to a *duty to employ*. If you’re profitable, you should not be able to conduct layoffs for any reason.
BarnacleNo3759 on
H1B are still cheaper, you didn’t fix anything Mrs Warren.
TheChurlish on
Any company that has done layoffs in the past 24 months should be ineligable for H1B and/or any other kind of visas to bring in new workers.
iron233 on
P R O F I T
r_m_8_8 on
Literally nothing matters more than making more money, and soon, for big companies. Nothing comes close, not even preserving the planet they’re running their business on.
Coffee_Transfusion on
Evil corporations run by evil people that should be broken up and destroyed.
Should claw back money from these fucks too.
Mal_Dun on
Finally a chance to put AI to good use and lay off work that is expensive and can be easily automated … like CEOs: [https://www.youtube.com/watch?v=THfBccihkVQ](https://www.youtube.com/watch?v=THfBccihkVQ)
TheGrandExquisitor on
Jeff needs an even bigger yacht.
TheNevers on
because the tax perk goes to the share holders, and they’ve put their CEO in place to make sure of it
RebelStrategist on
Oh, oh, oh. I know this one! Pick me, pick me!!!!
KAM7 on
Because somehow laying people off raises their stock price, and hiring people raises their stock price, so it becomes a never ending stock raising machine every time it cycles.
NiceTrySuckaz on
If you had told me ten years ago that I’d still be seeing the name Elizabeth Warren in headlines, I would have thought you were crazy.
HeadPaleontologist40 on
Why? Because no one is stopping them. In fact, they are encouraged this behavior.
SparkyPantsMcGee on
“Because there are no consequences of our actions currently, and by the time anything happens it’ll be a slap on the wrist and our immediate needs are met.”
Dawg_Prime on
why corporation if corporation shaped?
MasterDave on
Because Fuck you, that’s why!
Seriously, we have no laws against it. She makes laws, so make a law. Get it done. Don’t ask questions, no thoughts and prayers style inaction, just get a bill and push it as far as you can. Republicans will have to get on board a full nationwide workers protection bill similar to what some European countries have.
It’s not perfect, and it doesn’t stop anything when a company over-hires and really doesn’t need thousands of people anymore to perform job duties, but it’s better than the current way Amazon and Meta can get away with just letting tons of people go with no safety net at all. I’m not thrilled to have been laid off recently, but at least my company wasn’t shitty about it and I’m basically good for a while. I have a feeling Meta and Amazon’s severance isn’t that robust. We should have some protections in place for everyone regardless of what sociopath is in charge of a company.
Austin1975 on
This seems like an easy bipartisan ask that should get both sides energized to solve.
FredFuzzypants on
Silly rabbit, tax breaks are for the rich. /s
Dreliona on
because record profits arent enough apparently
Dreliona on
Because record profits obviously arent enough i guess
fistswityat0es on
JFC why *ask* them??? you know.. the public knows… its because they CAN FFS. Enact legislation to stop these companies from actively removing employees to drive stock prices.
PHLANYC on
Question for Elizabeth Warren…why are you giving Billionaires “tax perks”?
DocM123 on
Because I don’t care about their employees, they only care about profit and literally will burn the entire world as long as their next quarter profit looks good.
awildchuba on
I used to like Elizabeth Warren. Then I realized that most of the time she is just very concerned like Schumer nowadays. She even supports a heavy AIPAC candidate in illinois. Established Dems clearly are controlled ops
ItaJohnson on
Does anyone really need to ask? I’m guessing she’s trying to get them on record admitting to their blatant greed.
SVV513 on
PLEASE. STOP. DATA. CENTERS. NOW.
leftofdanzig on
Because for the obvious reason (corruption) tax subsidies aren’t paired with job benchmarks. Company job cuts should come with a reduction in tax breaks.
ALBUNDY59 on
The government needs to remove all tax breaks to corporations making over $10 million profit.
Arxhart_671 on
Because they can and you aren’t going to do anything about it.
xubax on
Because companies only hire when they need people.
43 Comments
Because they can.
Because it always about profit. If big companies like Meta and Amazon can make more profit with fewer employees, they will.
This is silly circus shit. The answer will always be higher profits to pad their own compensation. We need to go back to 1950s income tax brackets where these clowns would be paying 90% on their bonuses.
Remember stories like this the next time you go on a rant how unfair China is.
Frog, meet scorpion.
Because congress will do nothing to stop any of them.
Can she make it where Facebook has some sort of actual useful support besides their useless AI?
Wipe out all the tax breaks for companies over a certain market cap or revenue level. Its obscene.
Because they’re quarterly revenues have to go up every quarter to satisfy their shareholders. They will do that all the time because they have to. So it’s also absurd that we would give them money to help them do that when they are never out there to try to help build employment necessarily
Good question. Take away their tax perks.
People still use Facebook?
coz these big corpos wanna save every single PENNY!
I can’t wait for the fall of capitalism
The tax breaks were for job creation. The layoffs were for shareholder value. Apparently those come out of different budgets.
There needs to be a comprehensive set of laws that binds companies like this to a *duty to employ*. If you’re profitable, you should not be able to conduct layoffs for any reason.
H1B are still cheaper, you didn’t fix anything Mrs Warren.
Any company that has done layoffs in the past 24 months should be ineligable for H1B and/or any other kind of visas to bring in new workers.
P R O F I T
Literally nothing matters more than making more money, and soon, for big companies. Nothing comes close, not even preserving the planet they’re running their business on.
Evil corporations run by evil people that should be broken up and destroyed.
Should claw back money from these fucks too.
Finally a chance to put AI to good use and lay off work that is expensive and can be easily automated … like CEOs: [https://www.youtube.com/watch?v=THfBccihkVQ](https://www.youtube.com/watch?v=THfBccihkVQ)
Jeff needs an even bigger yacht.
because the tax perk goes to the share holders, and they’ve put their CEO in place to make sure of it
Oh, oh, oh. I know this one! Pick me, pick me!!!!
Because somehow laying people off raises their stock price, and hiring people raises their stock price, so it becomes a never ending stock raising machine every time it cycles.
If you had told me ten years ago that I’d still be seeing the name Elizabeth Warren in headlines, I would have thought you were crazy.
Why? Because no one is stopping them. In fact, they are encouraged this behavior.
“Because there are no consequences of our actions currently, and by the time anything happens it’ll be a slap on the wrist and our immediate needs are met.”
why corporation if corporation shaped?
Because Fuck you, that’s why!
Seriously, we have no laws against it. She makes laws, so make a law. Get it done. Don’t ask questions, no thoughts and prayers style inaction, just get a bill and push it as far as you can. Republicans will have to get on board a full nationwide workers protection bill similar to what some European countries have.
It’s not perfect, and it doesn’t stop anything when a company over-hires and really doesn’t need thousands of people anymore to perform job duties, but it’s better than the current way Amazon and Meta can get away with just letting tons of people go with no safety net at all. I’m not thrilled to have been laid off recently, but at least my company wasn’t shitty about it and I’m basically good for a while. I have a feeling Meta and Amazon’s severance isn’t that robust. We should have some protections in place for everyone regardless of what sociopath is in charge of a company.
This seems like an easy bipartisan ask that should get both sides energized to solve.
Silly rabbit, tax breaks are for the rich. /s
because record profits arent enough apparently
Because record profits obviously arent enough i guess
JFC why *ask* them??? you know.. the public knows… its because they CAN FFS. Enact legislation to stop these companies from actively removing employees to drive stock prices.
Question for Elizabeth Warren…why are you giving Billionaires “tax perks”?
Because I don’t care about their employees, they only care about profit and literally will burn the entire world as long as their next quarter profit looks good.
I used to like Elizabeth Warren. Then I realized that most of the time she is just very concerned like Schumer nowadays. She even supports a heavy AIPAC candidate in illinois. Established Dems clearly are controlled ops
Does anyone really need to ask? I’m guessing she’s trying to get them on record admitting to their blatant greed.
PLEASE. STOP. DATA. CENTERS. NOW.
Because for the obvious reason (corruption) tax subsidies aren’t paired with job benchmarks. Company job cuts should come with a reduction in tax breaks.
The government needs to remove all tax breaks to corporations making over $10 million profit.
Because they can and you aren’t going to do anything about it.
Because companies only hire when they need people.
If they don’t need people, they don’t hire.