Ancestors

Written by Jan on 2024-10-30 at 07:43

The biggest German car manufacturer wants to cut 10s of thousands of jobs and at the same time just reported a quarterly profit of 1.6 billion (!!!) Euros. Please, someone explain this to me.

Oh and they just recently paid billions in dividends to investors.

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Toot

Written by innerand on 2024-10-30 at 08:01

@janmon Makes completely sense as soon as you are realizing that the purpose of our economy and its companies is to generate money for the owners/shareholders/investors/capitalists. That's what it is all about.

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