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YouTube Music team laid off by Google while workers testified to Austin City Council about working conditions (www.businessinsider.com)

submitted 8 months ago by [email protected] to c/[email protected]

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YouTube Music team laid off by Google while workers testified to Austin City Council about working conditions::Some workers learned of the YouTube Music layoffs while testifying to the Austin city council about Google's refusal to negotiate with the union.

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[–] [email protected] 8 points 8 months ago

The people making the big decisions aren't the ones working. They're the ones put in charge to make money for investors, who want monthly returns. Not "here's what will get us 1XX% growth in 6-8 years," but now.

And you'd think this would only be the case with public companies, but private equity is gobbling up quality companies and milking them dry by cutting costs and abusing their brand's good name. People want returns on their investments QUICK these days.