That’s a lot of layoffs.

So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.

  • tmcgh@lemm.eeEnglish
    311·
    2 months ago

    Dude, what the heck is wrong with people. Wealth is wasted on the stupid.

    • Angry_Autist (he/him)@lemmy.worldEnglish
      9·
      2 months ago

      its mainly that our modern culture worships money and things whoever has more of it is inherently better.

      So rich people make bad decisions because they think that being rich means they are always right, and that their ideas are special and magical and come from a mystical realm of refined thought only people with stacks of cash possess.

      And when they fail, they blame everything except their greed focused short sightedness.

    • Thorny_Insight@lemm.eeEnglish
      78·
      2 months ago

      What’s the problem? They put the money back into circulation. That’s a good thing, no?

      • tmcgh@lemm.eeEnglish
        1·
        2 months ago

        The problem is that it is just poor money management. He could’ve been set for life. Put that into an index or S&P500 and get 10% every year. That’s 70k and he wouldn’t even have to work. If you took that 70k and invested back into the fund, you can double your money in about 7 years, assuming 10% returns.

        • Thorny_Insight@lemm.eeEnglish
          2·
          2 months ago

          Yeah I agree. That’s what I would’ve done. You saying that wealth is wasted just made it sound like the money dissapeared somehow. He wasted his chance on financial independence, sure, but that’s not away from the rest of us.