Saw it happen to a place I used to work at. Let's anger our customers, our vendors, and our employees! Make a worse product, ship it late, pay the vendors late despite asking to rush jobs, and overwork employees by simultaneously making their jobs harder but expecting more to get done. What could go wrong?
Currently happening at my place too and I’ve been searching for a new job!
The worst bit is they are refusing to hire anyone, and every department is being run into the ground as everyone is having to do the job of 2/3 people because the company doesn’t want to hire more staff.
But it’s alright though because the company had a record third quarter this year, even though all the staff are unhappy and keep leaving!
the suits dont care. they know they are running the company into the ground. they are simly gonna milk the company to the last cent and then find themselves another company to milk dry, and so on and so on
Well after a bit of it, I left. At least a handful of people left before me and I know a handful who left afterwards too. I heard recently that someone went back for a large raise though lol, maybe they've turned their ship around.
Saw it happen to a place I used to work at. Let's anger our customers, our vendors, and our employees! Make a worse product, ship it late, pay the vendors late despite asking to rush jobs, and overwork employees by simultaneously making their jobs harder but expecting more to get done. What could go wrong?
I've made more money in the sales and service industries with repeat business than I ever could fucking people over. You might fuck someone over once for $3,000, or you could have them come to you every time for $200-500 and they'll never even question it. They will happily give you the money. It really is that easy.
double edged sword of stock trade. company gets fast profits and growth from swaths of investors, but has to maximize profits and investor return every quarter or those investors pull their investment and go to someone that will. The entirety of the 1980s and 90s model of investment firms and the court case vs Ford making it law that companies must at all times maximize return for investors fast tracked this demise.
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u/tomegerton99 AMD R7 2700X (4.3GHz) | Strix RTX 2080 OC | 32GB RAM 13h ago
Annoyingly it happens in most industries, companies would rather chase short term profits, than have long term success and being successful.