Quote:
Originally Posted by OMG!WTF!
http://www.cnbc.com/2016/02/04/conoc...-earnings.html
Conoco is pretty big and hasn't made money for years. The only reason people still work there is because they have made billions is the past. Do you think the last three hundred layoffs at this particular big oil company were done for political leverage?
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It is not the only reason, and not always the reason. But do you ever question why if these companies decide to lay off their middle class workers due to financial reasons they never choose to reduce wages across the board first? You never hear of a CEO who is making 150 times the amount of his workers taking a pay cut to save the jobs of their workers, who make their company money, it's always their workers jobs going away so they can continue to earn their already absurdly inflated salary. If it all came down to a company losing money, don't you think they would structure their cut back differently?