This is the fate of any company that goes on an acquisition spree—the inevitable wave of layoffs that soon follows.
Another 650 people have lost their jobs so that executives can receive larger bonuses. That’s the reality of modern capitalism.
It’s really surprising how big companies operate. They make huge acquisitions but then end up cutting jobs to streamline operations. It’s all about the bottom line and keeping shareholders happy, but it’s tough for those who get affected.
Honestly, how is Spencer still employed? Is he really that popular with the higher-ups? He was a social media favorite in the past, but this situation seems to be spiraling.
It looks like there are some nice bonuses on the horizon for the executives this year!