The only reason we find ourselves in this place is because of this hyper-growth mentality that is unsustainable by definition.
As someone else pointed out, this specific point is moot in this case. They are just looking for even more profits. It's not even close to a "struggling company".
But regardless, if this was a case for a struggling company, this is short-sighted in the sense that it assumes that we have to live in a world bound by the current rules. Of course under these conditions companies will always choose to fire people and keep making profits to its owners.
But let's not pretend this would be an effort to help these 50k people in the first place. This is to keep the owner(s) profitable.
As someone else pointed out, this specific point is moot in this case. They are just looking for even more profits. It's not even close to a "struggling company".
But regardless, if this was a case for a struggling company, this is short-sighted in the sense that it assumes that we have to live in a world bound by the current rules. Of course under these conditions companies will always choose to fire people and keep making profits to its owners.
But let's not pretend this would be an effort to help these 50k people in the first place. This is to keep the owner(s) profitable.