Spyke

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A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?

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In millions 2021 revenue: 75,325 2022 revenue: 76,048

Revenue is neither stagnant nor decreasing. Only reason to reduce pay and headcount is to increase profit at the employee's cost. All corporations will get to an operational standpoint that reducing costs through better process and materials is no longer feasible and the only avenue to increased profits is to begin extracting wealth from the employee's via layoffs and salary reduction.

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Good question.

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And yet they used to turn a profit. Until Republicans passed a law requiring them to prefund retirements for 75 years out with the USPS Fairness Act. Fairness Act, which imposes this burden on the USPS while no other federal agency (or private business) is required to prefund retirement benefits...quite fair.

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Headlines be like

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My wedding band is titanium and wood ($17). My wife's is silver and cubic zirconia cast as Nenya, Galadriel's ring from LotR and made by WETA Workshop, who did the movie props ($75).

So much cooler than gold and diamonds => 3 months salary, at least for us.