Amazon announced 14,000 layoffs. Its CEO made over $40M last year.
UPS announced 48,000 layoffs. Its CEO made over $24M last year.
Intel announced 20,000 layoffs. Its new CEO's pay package is valued at nearly $69M.
This is what I mean when I say the system is rigged.
Robert, the whole monetary system and banking system is rigged. It's a perpetual cycle of debt that never gets repaid. While only a handful ever see actual profits.
You can be 100% sure predators won't stop being predators on their own. Predators want more prey. When prey is plentiful, predators kill for only one part of their victim, and discard the rest. Once neutered, their consumption drops significantly.
People vote for leaders they think will help them do better in life, but are misled by the pageantry and the merchandise and the wild promises. In truth, our politician are only concerned with the rich and think of the poor as dumb peasants, easily misled and so gullible.
Another… And the CEO consent even need to be competent.
Well, Happy Thanksgiving and Merry Fucking Christmas to all!🤬
Totally rigged, Robert. And after they lay off all the humans and replace them with robots and AI, who do they think will be able to afford their products and services.
And what can we do about it?
Verizon just layed off 15,000
Those rich, grossly overpaid CEOs probably pay a lower federal income tax rate than their companies' workers, too, thanks to Republicans' repeated tax cuts for the rich. That's also a big part of rigging the system.
Over time, it shifts the US tax burden onto the middle class Republicans despise.
Completely rigged!
I just saw you singing on the Simpsons 😁
This needs to be on the news. All those news shows. Local 4:30pm 5, 6, 10. They can squeeze that info in one of those shows.
😡...Yep those non-tax paying Billionaires sure deserve a tax cut they create so many jobs...🙄
They’re passing the money ‘saved’ by laying off staff directly to their sociopathic CEO’s whose strategy this is. It’s the greed of the CEO’s which is creating the misery and suffering that all those layoffs represent. 😡
I always thought a good figure is no more than 5 times the salary of the lowest paid employee.
If you're mailing any packages for Christmas. Mail them early. I'm in CA and what usually takes me 5-7 days to receive from the East coast took 15 days. None of this had to happen. We're all paying the price for the stupidity of some voters and Musk and Doge.
Nauseating CEO remuneration
Tax the corperations, tax the rich, give the middle class a break FFS!
Their 401k’s are next
The system has to be torn down and rebuilt!
BUILD BACK BETTER!
ARM 💪 MARCH ✊️ FIGHT👊
Easy fix.
Eat the rich
And they won’t rehire anymore, they’re going all in with faulty AI LLMs—like with AWS crashing down, soon that vibe coding will create so many vulnerabilities everywhere
Reprehensible.
For 4 yrs Biden added new jobs EVERY MONTH 48 mos in a row. Since Trump has taken office he has increased unemployment for the past 10 mos. Each mo. Job loss exceeding Joe’s mo. Job gain numbers. So much for winning!
My neighbor works in an amazon warehouse. He told me today he will begin working a 6 day week, even though there is little work to be done.
with you on this
I can boycott all of those
Trickle down economy my ass!
The employment rate is going DOW-W-W-N-N! Trump had better get woke!
They cit costs to get bonuses. Sadly people to these execs are expenses
When the people creating the value are the ones getting cut, and the people making the cuts get richer, it’s hard to pretend the system isn’t warped.
Time to boycott?
Business must be dropping if they are hanging on to their ceo paychecks. Wonder when it gets to the point where they get laid off.
Don’t forget Verizon layoffs announced this morning. 14k.
Were they all only children who didn't have to learn to share?
What happens to all these people out of work❗
BROLIGARCHS don't care....
And I was just telling my friend every time we had layoffs at our global medical device company anyone left had to do 2 FT jobs while the c-suite got huge bonuses for failing. Then after downsizing they would go out and buy a distressed failing company and we had to clean up the dysfunction.
The greed is overwhelming! Time for workers to organize! SOLIDARITY! ✊
You're angry you didn't make any $?
If they all decide to close their doors or companies they can retire and live well. They don’t care about their employees.
Boycott.
In 1933 there was a Wall Street Putsch attempting to overthrow FDR. The conditions are looking similar.
www.theguardian.com/commentisfre...
Trickle up in action.
And short of destroying the system it will never change.
And their effective tax rate is lower than the middle class. And the republicans they put in office want to cut it even more.
I was laid off from Discovery Communications in 2021. That year, Zaslav booked $220 million. I handed off my duties to 7 different people so Zaslav could hit his bonus.
The workers are disorganised and have no power in our system.
This is exactly what the rich want.
With these layoffs they attempt to get to pay workers as little as possible.
One day the whole system will implode, and we will all be asking why.
How many of those jobs are replaced by AI ?
Capitalist is de facto rig.
Verizon is planning layoffs and store closings. Dont know about the incoming CEO's pay package.
This👆!!!
$24,000,000 among 48,000 employees is $500/employee
We know socialists can't do math but Jesus Christ man!
How much did each give to the Trump Campaign which resulted in a government that produced an economy that required these lay-offs?
Do you see this as a natural conclusion of the relentless investment into “productivity” or a poor understanding of the incremental impact of the CEO? Unfortunately at higher levels there is just no data to compare and estimate incremental impact
How will those people survive this economy?
If the US taxpayer owns 10% of Intel, it’s kind of like the taxpayer is on the hook for $6.9m of the CEO’s pay in a sense.
Do CEOs ever experience joy in life?
I just moved to YACReader for comics and the last bit of money I ever give to Amazon (comics on Kindle) is no more. Now I just need to break the DRM on all of my Kindle books and I’ll never look back at that monstrous excuse for a person Bezos
They will be fine, they can use those SNAP benefits.
Gross
Billionaire and CEOs like this aren’t people and should not receive the deference to humanity we all share; creatures like them need to be destroyed if the rest of us want a planet to live on.
but bozos the clown needs money for his yaxhy and weddin
Boycott
And don't forget they ALL got big tax breaks!💰💰💰💰
Expect your UPS packages to be late. I worked for UPS. They fun their drivers into the ground and the drivers can’t keep up as it is.
Tim Cook and Apple faced some Justice
A federal jury in California ruled Friday that Apple must pay medical device maker Masimo $634 million for infringing a patent on blood oxygen monitoring technology.
It’s rigged so that the rich never lose a nickel.
It’s disgusting.
69 million why ? How could this person be worth that much . No one is . He’s not doing a very good job at all , if he had to lay off that many people. Rot starts at top.
You're an idiot. It's because of AI and robotic innovations. Something you libs have been pushing for years! Can't have it both ways!
How much the CEO made is pretty irrelevant to whether they thing they have extra employees with skill sets that don't believe they need as much of.
What happened to the social contract? They give us work and we let them thrive. If they can break it then so can we.😤
They are just robbing us in the daylight. Fucking DEVILS!
My smart ass mind asked:
Does Amazon carry those "boot straps" we're supposed to pull ourselves up with?
Seriously thinking my tombstone will carry these words:
F the Oligarchs
I think this would hit harder if you used the language of people, not mechanical processes. Instead of “it’s CEO made”, say “Jeff Bezos kept”… These aren’t things that happen. We are talking about what people do.
You gotta explain how and why the system is rigged so people know what is really going on.
The guillotine
Shop small and local. As much as possible.
And (most of) the companies outright say that they're laying them off due to increased use of AI in their logistics or AI R&D Costs.🙄 Amazon: apnews.com/article/amaz...
UPS (denies it, but "less hands, more machines"): amblogistic.us/what-upss-48...
Intel (AI spending): www.msn.com/en-us/news/t...
Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.
Imagine people shopping locally from now on. I’m sure local shops will be grateful for the chance to serve their customers.
The greed is disgusting.
This is why we need higher taxes for the wealthy instead of tax cuts for them.
No one should make that much a year.
And if corporations can afford to pay that much but do not want to pay LIVABLE WAGES, let’s tax the hell out of them too!
Maybe we need a wealth caps?
The profits go up and up and up for the few while the many pay the price literally - all “thanks” to CHUMP making America great…again.
IMPEACH THE DICTATOR 47!!!
sure looks that way.
Verizon is laying off 15,000 on 11/20. New CEO trying to look good on paper.
CEO pay often reflects the pressure of leading massive companies and making tough calls that impact thousands.
Layoffs, while difficult, can be necessary for survival in a shifting economy. The focus should be on fixing broader issues.
When you speak to a CEO, you quickly realize they honestly feel they are worth more even than their ridiculous pay packages. That they add far more value than that, and thousands of times more than others.
In other words, they have no connection to reality. They must teach that in business school.
My dad always said ..there is no way to become very rich just through hard work. Usually you become very rich from the sweat of other people's very hard work, by not paying them what they are worth..💔
Its at this time that socialized health care, & basic life support income campaign finance and court reform sound pretty good
Vote MAGA, idiot America.
$40 million is a little over 600 average wages or in other words one man receives 600 years worth of the average wage per year.
TAX THE MOTHER FUCKING RICH
That is American Capitalism, the most corrupt and evil economic system ever devised.
It’s always been rigged. It’s just so much more obvious now under this criminal regime. The US is a hugely corrupt country. When you allow politicians to appoint judges, law enforcement officers & accept huge donations from corporations etc, there will never be justice for the hard working people.
But, but, but their jobs are so hard! They need to be paid for their brilliance. Ha! See you in hell fellas
It certainly is.
And no one single person needs all that money. And they expect to get that kind of money for themselves every damn year.
A few decades ago the disparity between ceo pay and general pay was lower.
What changed?
Ai will replace millions of Techs
They can then get Lawn routes since all of the good gardeners and Landscapers are in ICE Cells...................
Tax the freaking rich.
I'm mad about Trump reversing the rules for airlines to refund you if your flight is delayed, in some circumstances cover ground transport and hotel.
Maga doesn't benefit but regular Americans who travel for work or adventure lose and for what?
How many times have we bailed out airlines?
What's the bet the CEOs would buy the layed-off workers a pizza for their leaving gift ??! 🤷♀️
It will never change. Greed.
And Amazon gets almost 5 billion dollars in Government subsidies.
laughs in trillions in a currency that doesn't even exist yet because it only exists after currency has been abolished
Billionaires need to be put in their place. We the people say so. I am boycotting black Friday. Lean year this year.
Yeah…whatever happened to investing in your employees? They all sit around getting rich by kissing a fat, saggy orange ass known as trump.
UPS is laying off non-union positions in management that are redundant. Most are being offered early retirement. Amazon is laying off midlevel management and hiring 35,000 warehouse workers Intel is laying off management and HR positions and hiring 13,000 developers
Do you sell books on Amazon, Bob? I know you're on Facebook & Twitter.
Put your money where your mouth is & stop supporting the regime for your own personal gains. You already have more money than you require.
More and more each day.
#RiseResistRevolution
🏴
It’s sad to think that the cogs in the machinery, the very reason the machinery runs is going to either be removed or made to work more with less
The water is not trickling up hill. It is staying in the oceans & lakes like always.
Lay off the CEOs.
Thank You for informing us! 👍 💪
In what way is the product of centuries of unbridled capitalism rigged?
And business might be slowing down. We'd have a better handle on that if the jobs data was being released.
And what do CEOs do anyway? Nothing. They just steal money from the organization.
Elon Musk – $500 billion. Larry Ellison – $393 billion. Mark Zuckerberg – $270 billion. Jeff Bezos – $237 billion.
The richest man on the planet owns X.
The second richest man in the world is about to buy TikTok, and his family could soon take over Paramount and Warner Bros.
Why tax the rich? Google co-founder Sergey Brin’s $450M megayacht is so big that running it’s a/c, spa, and pools requires enough electricity every day to light up 580 average US homes. Even when he’s not on board. Yeah, they can pay taxes.
Verizon to lay off 15,000 employees (20% reduction). While new CEO Daniel Schulman compensation $1.5 million base pay. In addition to performance based Equity awards that could be worth up to $59.5 million dollars. Gosh he really will have to budget 🤔
In the UK the water companies made £85bn, have not built a single new dam,took over without debt now massive pay massive salaries & bonuses, water leaks about 19%,raw sewage impacts 36% ofrivers & bills up by 26%. All originally in the name of efficiency backed by the papers who attack the BBC!!
Long ago, I read a Sci-Fi book where the World War was not fought between nations, but between corporations. When Mitt Romney announced that corporations are "people too", I remembered it. This post reminds me of the possibility once again. jus' sayn'...
Stop buying from Amazon people. Try to buy from the smaller privately owned stores. Things might be a bit more expensive but you’ll save on the things you used to buy on Amazon but really didn’t need. If you live in an area with little options only buy what you really need.
The things I could do with 1% of that income…..
heckuva job, Andy, Carol, Lip-Bu 🙄
Disgusting. They are so rich already and pay pittance as it is.
People are just numbers, when they need more “workers”/numbers they will hire and repeat.
People are training AI to do their job...but they are under instruction to do so. Train yourself out of a job down the track or leave now and we will find someone else who will. Who benefits from this model? CEO's. Multimillion dollar companies. Under the guide of economic sustainability.
It’s more than rigged, it’s just plain nuts. Those guys don’t do shit anyway.
AI agents are taking jobs.
The only jobs manufacturing brings back to the United States under the Trump administration will be provided labor by robots as money not jobs is what Trump supports
The Time To Rise is NOW ! Back To The Basics.
Perhaps 5000-10,000 MAGA oligarch and MAGA politicians, including the White House, are stealing trillions of $$$ from 340 million Americans. Business leaders have embraced greed and competitive theft. There has to be a reckoning.
Every single Amazon customer is complicit in destroying local economies. Every single one.
How Tech Billionaires Are Building a Post-Democratic America — And Why Europe Is Next
There needs to be a law against this
Back 25 Years Ago, Before I Retired, I Was In Middle Upper Management And We Would Negotiate With The Workers Holding Them To 3%. Then Management Would Give Themselves 5%, 10%, On Up The Ladder To The Top And 50%. One Day I Asked Why? And Was Told, "Because Everyone Else Is Doing It"...
In South Korea, there is a law where companies can't do mass firings for no good reason. Google had to offer packages to convince their programmers there to leave on their own to downsize. That's better, bc it gives choice to the worker to leave rather than a traumatic, unplanned exit.
The system is rigged, yes but what really stands out is the greed and shameless promotion of wealth. It only exists because there's a willing audience who exalts this 'in your face 'I'm rich, look at me' culture. Why do you think the Kardashians made all that money?
trickle down scam in action.
It's not just rigged... It's totally DISGUSTING. 😠
Why we get shit service!
And how do we unrig it?
ETTD www.facebook.com/share/r/1FMB...
Because it's Finance not Business A normal economy is based on real tangible commodities, today's economy is speculative
I call it Billionairitis. A disease as chronic as any other addiction - gambling addiction, drug addiction, alcohol addiction. They can't. It's all that drives them. It's all they have. Complete obsession with wealth. Having that extra drink/billion doesn't do anything for you but you can't help it.
When people are considering medical assisted , because they’re doing the math on retirement.. There are people who would need to live over 2000 years to spend what they’ve hoarded … there are severe issues . The last 4 years ate any savings retirees had because nothing was done to catch them up …
Those CEO are gonna have a very Merry Christmas....and everyone else can fk off.
Laying them off into a wasteland of an employment market. These expendable workers are also consumers, the “trees” of our economy. As this progresses every quarter who will continue to purchase their products and services?An Easter Island 🗿 economy, what will be left when they cut the last tree?
Maybe they can turn all those unused warehouses they built into housing!
Damn. I love/hate you being right. 🙏 🙌 💅
Transgender awareness week DONATE to those that need it. PayPal.me/blacktranstexas
Pure EVIL
But our economy is the BEST it’s ever been, says Donald Trump!!!
Capitalists want to establish corporate feudalism.
The "system" should be a "representative government" the "representatives" should be representing their constituents (almost all of them not billionairs); and the government should collect proportional taxes from everyone including billionaires & corporations.
I bet health insurance companies get the biggest bonuses yet this year
Shouldn’t be allowed to lay people off before taking C suite compensation down to $0. Including stock options.
It hasn't made the media but Wells Fargo just notified my partner's department they're all being laid off 2 days before Thanksgiving.
Everyone should just walk the hell out‼️
Duke Energy made $19.2 billion profit after paying a 2.8% effective tax rate, CEO Lynne Goode received $24 million.
Layoffs are the only way CEO's can give themselves a raise. Amazon, btw, was built on massive gov't subsidies. I think we own that company.
Too bad the billionaires own all three branches of the government and they control the military.
RBR, keep at it !!
At least..
Gut. The. Rich.
That's what greed and glutony are all about, sometimes referred to as hedonism. They never have enough money. They believe their importance is based on what they amass. Apparently, generosity, compassion and humility are all foreign concepts.
In a nutshell, this is what’s wrong in this country
“They’re all the same, end everything.” Cut 2, politics is easy peezy, just like my life… Nothing before, Nothing in the middle, Nothing now. #GOP MAGA #TrumpsAmerica Epstein #Fascism is #Treason #Reaganomics #GOPCoup
Disgusting CEO pay.
The Gates Foundation literally kills people for profit.
Vox is a general interest news site for the 21st century. Its mission: to help everyone understand our complicated world, so that we can all help shape it. In text, video and audio, our reporters expl...
How much of this is due to AI.
I remember when I first started working, my boss made like $5 more than I did.
The spending boycott is going to be something for those CEO’s to behold.
Maybe if they were better CEOs they wouldn’t need to lay off all those people.
And MAGA (Trump) will blame Biden or someone else..
I keep saying this: Guillotines.
Trickle down only applies when they're pissing on you!
All of these examples should be taken over for the national interest. That's too much control over the economy and the services they provide. Or, give them the Ma Bell treatment.
Man, if they just magically paid their CEO's less and spread that money around some more I bet they wouldn't have to lay off so many workers.
And you are participating in the system by saying “made,” which implies some how it was deserved vs. saying “paid”
Well, THAT paints a picture!
CEO pay of $40M isn't the problem. And companies aren't obligate to employ anyone they don't need. The problem is the way Capitalism as we practice it rewards ownership with so much money and so much power that they can exclude and exploit all other contributors.
What are you going to do about it?
The magic is, that they're able to convince the people, that it only takes hard work to get like Jeff Bezos. If you are not, try harder! At best as Amazon driver🤑
