Wilshire@beehaw.org to Technology@beehaw.org · 1 year agoReddit to lay off about 5% of workforcewww.livemint.comexternal-linkmessage-square69fedilinkarrow-up139arrow-down10cross-posted to: [email protected][email protected]
arrow-up139arrow-down1external-linkReddit to lay off about 5% of workforcewww.livemint.comWilshire@beehaw.org to Technology@beehaw.org · 1 year agomessage-square69fedilinkcross-posted to: [email protected][email protected]
minus-squareLoreleiSankTheShip@lemmy.mllinkfedilinkarrow-up1·1 year 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-squareThe Cuuuuube@beehaw.orglinkfedilinkarrow-up1·1 year 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!
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