News / corporate-greed
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1 min read
Jack Dorsey Fired 4,000 People and Called It Innovation
Read more . . . →Jack Dorsey laid off 40% of Block’s staff — 4,000 people — and told the world it was because of AI. Said the business was strong, profits were up, growth was good. Just… didn’t need those people anymore. Specifically didn’t need the policy team. Specifically didn’t need DEI. Fascinating which roles the machines replaced first. Here’s the part that should make you furious: he then went on record saying most companies are “late” and will make similar cuts within the year. He turned a mass firing into an industry announcement. A roadmap. Every CEO in America now has their script...
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1 min read
Tariff Refunds Are Coming. You're Not Getting a Dime.
Read more . . . →The government is about to start handing out tariff refunds on April 20th. Billions flowing back to the companies that “passed the costs on to consumers” — their words, not mine. So naturally those savings are coming back to us too, right? Of course not. CNBC surveyed a bunch of CFOs and not a single one plans to share the refund money with customers. Zero. Every penny stays at the top. This is the grift working exactly as designed. Trump slaps tariffs on everything, prices go up, companies jack their margins and blame “the tariffs,” and when the refunds come...
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1 min read
Your CEO Makes 600 Times What You Do
Read more . . . →Aptiv’s CEO took home $18.8 million last year. The median worker at that same company made $9,052. That’s not a typo. Someone working full-time at Aptiv earns less than what most people spend on rent, while the guy running the place pulls in more per day than his employees see in a month. Ross Stores — same story. CEO gets $17 million, median worker gets $9,602. A hundred major companies are running this exact playbook and nobody blinks. Meanwhile the national conversation is about tariffs and culture war nonsense instead of the fact that corporate America built a caste system...
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1 min read
Jack Dorsey Fired 4,000 People and Called It Innovation
Read more . . . →Jack Dorsey just cut 4,000 jobs at Block — nearly half the company — and proudly announced it was because of AI. Not a restructuring. Not a pivot. He looked at thousands of people who built his platform and said a chatbot could do their jobs better. This is now the largest single workforce reduction explicitly blamed on AI in corporate history, and Dorsey is wearing it like a badge of honor. The stock went up. Of course it did. Here’s the part that should make you sick: some of those workers got “quickly rehired.” Meaning they were fired, stripped...
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1 min read
Budget Cuts Don't Fly
Read more . . . →An Air Canada Express plane goes down and somehow the conversation is about anything except the decades of budget cuts to aviation safety regulators. Every time a government guts oversight to save a few bucks, the bill comes due in wreckage and body bags — but the executives and politicians who signed off on it never ride coach.
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1 min read
The Money's There, It's Just Not For You
Read more . . . →AT&T’s contract with 9,000 workers expires at midnight tonight. They’re hiking healthcare, outsourcing call centers, and replacing union stores with non-union dealers — while bankrolling a new corporate HQ and March Madness. The money’s there. It’s just not for the people who do the work.
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