High-technology corporations comprise some of the most obscenely profitable companies in the world. The best of the best of them consistently make billions of dollars in profits, making one to believe, that for those fortunate enough to get employed there, that they should fairly look upon their jobs as being absolutely secured, because of all the money being made, but in actuality this isn’t true, for we find that Google AI tells us that Amazon cut 27,000 jobs in 2022-23, Alphabet (Google) cut 12,000 jobs in 2023, Meta (Facebook) laid off 11,000 employees in 2022, and approximately 10,000 more in 2023. Microsoft laid off 14,000 employees in 2014, along with an estimated 10,000 in 2023, and announced further job eliminations of 9,000 in 2025.
Look, the bottom line is that when a mega corporation such as those shown above that consistently makes billions of dollars in profits, somehow believes that it is right to lay off employees when in actuality they really don’t have an overriding financial demand that this need be done, is quite unfortunate, because corporations have a duty and an obligation to treat their own employees which have help create for them billions of dollars in profits in a way and manner that respects their input and contribution, of which, this means that corporations should be savvy enough, to keep employed those that were hired in the first place, or at a minimum, provide to employees the option to voluntarily to terminate their employment, with a generous severance package.
While there are legitimate reasons why just about any company, without robust union representation, is entitled to lay off employees, it really should be something that occurs only when the economy or the overall business outlook presents these companies without any real good choices, and thereby laying employees off is one of the choices that can be made in order to reduce expenses. That said, though, for those corporations that have not only booked billions upon billions in historical profits, but are continuing to make billions in profits, to lay off employees should be seen as a betrayal of the labor force and unbecoming of a legitimate corporation, which is an artificial construct of the state. In other words, mega corporations that make billions and lay off employees should be fined by the government that legislated them into existence, and further legislation to the effect that lay-offs are not permitted unless under certain specific conditions should be passed, in order to protect employees and thereby protect their continued employment.
In this capitalistic system, there isn’t any guarantee that business conditions will remain the same, for they could get worse, then again, they could get better, but it has to be taken into fair consideration that the mega corporations such as Microsoft and Meta (Facebook), are not going out of business in the near future, or possibly ever, so that they therefore have an absolute obligation to the country that has permitted their existence to do their necessary part to be fair to their employees, by treating their employees as a high priority, and not seeing them ever as an expense, and thereby to be treated any which way that the corporation feels it can do, of which, the best way to make sure that this does not occur, is to make it governmental policy that in return for their corporate existence, that these mega corporations, without exception, will be held accountable to that government of, for, and by the people.