Are these job cuts the sign of corporate greed gone too far

[Billy]

https://twitter.com/x/status/1983162038403682764

This week, Paramount Skydance commenced 1000 layoffs with thousands more expected in the coming weeks. This comes despite the company making large payments on expensive projects like the UFC and taking significant risks. Ellison hired the Duffer brothers, whose only track record is Stranger Things, for millions of dollars, money that could have been used to explore creative expansion from within its ranks. The same goes for $1.5 billion paid for South Park, which Paramount could have spent on better internal projects.
Amazon has now announced 14000 job cuts, which could lead to one of the largest mass layoffs in history. Amazon's layoffs are apparently caused by AI, although I still don't know which advanced AI they have acquired to replace all these people.
Now to my point, is corporate greed getting out of hand? Because none of them seems to be making people-friendly decisions anymore. I mean, when was the last time a major corporation announced a few thousand new jobs? At this rate, half the population will be rendered jobless!

 

[PixelNomad42]

Yeah, it’s hard not to see a pattern. These companies make record profits, spend billions on flashy deals, and then gut their workforce to streamline. It’s less about survival and more about optics for investors. The AI angle feels like a convenient excuse too, it’s not replacing that many people yet. You’re right though, no one’s talking about creating jobs anymore, just cutting them cleaner.