skilliard7
skilliard7 t1_j6jbop4 wrote
Reply to comment by thieh in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
The problem is they also need to reduce costs in order to break even. They lost 1.33 Billion Euros last quarter. So some FTEs do need to be laid off to ensure that the company is sustainable.
They are cutting many products and reassigning people to fewer projects, as you suggested. It's just that layoffs are also happening.
skilliard7 t1_j6jajxs wrote
Reply to comment by DMoney159 in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
It's not just because everyone is doing it, it's because the economy is in recession. Companies need to cut back to address macroeconomic risks.
skilliard7 t1_j6jaedp wrote
Reply to comment by thieh in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
>To improve profitability while investing in safety, innovations will be targeted at "fewer, better resourced, and more impactful projects", Jakobs said.
Any time you make changes to an existing product, there are risks that it could introduce a defect with safety rammifications. So by limiting the number of changes to their product,(by axeing projects), it reduces the amount of opportunities for dangerous defects to be introduced.
skilliard7 t1_j2wyoc4 wrote
Reply to comment by kitelooper in 2022 Asset Return [OC] by rosetechnology
Real estate is more than just housing. Think commercial properties, industrial, farmland, cell tower cites, etc. REITs are down about 28% on average.
skilliard7 t1_iy6l2h3 wrote
Reply to Eye-tracking study suggests that negative comments on social media are more attention-grabbing than positive comments by giuliomagnifico
Negativity bias is a well known and documented concept in psychology. These findings are not surprising at all
skilliard7 t1_ixnuwgs wrote
Reply to comment by CutDiscombobulated95 in WW3 starts at the dinner table by Wise_Reception2672
I was hyping up Bitcoin my senior year of highschool when it was like $100. Telling everyone that it's the next big thing. Had to come up with post graduation plans to get my degree(was a requirement). I said I wanted to mine a bunch of Bitcoin and develop blockchain software. Was told I needed a "real plan" to either go to college or join the military.
Shortly after I graduated, my Bitcoin wallet got corrupted, and after I managed to salvage it, I got frustrated and decided to just spend everything to buy games because I was frustrated, and move on.
When Bitcoin ran up to $50,000, I had a lot of people reaching out to me to ask me for money, crypto advice, etc. Was awkward to explain that no, I am not a crypto millionaire, and didn't follow my own advice.
skilliard7 t1_j6jt2fo wrote
Reply to comment by JPMoney81 in Philips to cut 13% of jobs in safety and profitability drive by 4Wf2n5
Philips stock is down 70% in the past 2 years.... their stock was worth more in 1997 than it is today. How much do you expect shareholders to lose just to maintain jobs that aren't providing more value than they cost?