@Wilshire@beehaw.org to Technology@beehaw.org • 11 months agoReddit to lay off about 5% of workforcewww.livemint.comexternal-linkmessage-square104fedilinkarrow-up1273arrow-down10cross-posted to: tech@pawb.socialtechnologycolombia@lemmy.blahaj.zone
arrow-up1273arrow-down1external-linkReddit to lay off about 5% of workforcewww.livemint.com@Wilshire@beehaw.org to Technology@beehaw.org • 11 months agomessage-square104fedilinkcross-posted to: tech@pawb.socialtechnologycolombia@lemmy.blahaj.zone
minus-square@LoreleiSankTheShiplink3•11 months agoI’m not American, but isn’t it mandated by law over there to do stuff like this, to create the maximum profit for shareholders? Forgive my ignorance of US laws!
minus-squarePēteris Krišjānislinkfedilink8•11 months ago@LoreleiSankTheShip @Cube6392 it is thought to be true, but it is not.
minus-squareThe Cuuuuubelinkfedilink8•11 months agoNo such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever
I’m not American, but isn’t it mandated by law over there to do stuff like this, to create the maximum profit for shareholders?
Forgive my ignorance of US laws!
@LoreleiSankTheShip @Cube6392 it is thought to be true, but it is not.
No such laws. The only laws for publicly traded companies are that they must be open and honest with shareholders about the financial status of their organization. You’re very much allowed to run a business that stays small forever