YouTube Music team laid off by Google while workers testified to Austin City Council about working conditions::Some workers learned of the YouTube Music layoffs while testifying to the Austin city council about Google’s refusal to negotiate with the union.

  • SendMePhotos@lemmy.world
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    8 months ago

    Genuinely, why is it so difficult to be a good company? There’s that one company that paid all their workers like 70k and the employees would die for the company. Loyalty means something and reinvesting in your workers builds a stronger company, no? What’s the deal? Everyone fights for pennies vs building a strong foundation in a company culture and living it.

    • MeepsTheBard@lemmy.blahaj.zone
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      8 months ago

      The people making the big decisions aren’t the ones working. They’re the ones put in charge to make money for investors, who want monthly returns. Not “here’s what will get us 1XX% growth in 6-8 years,” but now.

      And you’d think this would only be the case with public companies, but private equity is gobbling up quality companies and milking them dry by cutting costs and abusing their brand’s good name. People want returns on their investments QUICK these days.

      • SendMePhotos@lemmy.world
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        8 months ago

        Interesting. Thanks for sharing, I had no idea. I only checked wiki, but I see that the company is still doing well and has continued to pay it’s staff well through 2023 (wiki link).

        • TankovayaDiviziya@lemmy.world
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          8 months ago

          There’s a handful of ethical companies and does not trade as public or private entity, so they’re not beholden to shareholders, but we wouldn’t hear about them often. Mondragon is a successful co-operative and worker federation company in Spain.

    • Zink@programming.dev
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      8 months ago

      In most cases the shareholders that own the company don’t care about the company’s purpose, just their ROI in a certain time frame. And then the executives incentives are structured to reward quick financial results.

    • whoisearth@lemmy.ca
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      8 months ago

      Honest answer. Infinite growth is the only business model we universally accept. This puts unrealistic expectations on how we define success.

      It’s not enough to own a successful diner making good cheap food for 500 people a day. Why can’t you do that for 5000 people? 50,000 people? Then in comes efficiency and questions about profit. Meanwhile your Zadie who started the restaurant 60 years ago is long dead and so is the simple life he envisioned for his kids.