this post was submitted on 07 Aug 2023
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209
End of an era: Zoom tells employees to return to office for work (nypost.com)
submitted 1 year ago by [email protected] to c/[email protected]
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End of an era: Zoom tells employees to return to office for work::Zoom is asking all of its employees to return to the office for the first time since the COVID-19 pandemic began, when the tech company blew up as one of the main means of communication when people were forced to work from home.

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[–] [email protected] 5 points 1 year ago

It makes the short term numbers look good. They just want to produce a spreadsheet that tells Wall Street that they cut $x million in labour costs, and don't really care how that affects the long term health of the company.

Besides, when a corporation becomes a certain size, they don't invest in innovation any more, they just buy a start-up that did something innovative, integrate it into their existing product and then repeat the cycle.

Capitalism is trending more and more into short term thinking, because Wall Street realised that capital can be moved at the press of a button. When a corporation is sucked dry, you load it with debt, sell your stock to retail investors, pension funds and/or the government and move on to the next opportunity.