It bothers me so much with these big companies laying people off. When you have over $80 billion in yearly revenue, in Disney's case, it's just pathetic that you treat your people as your main cost and liability.
Is it reasonable for a company to make a change that effects 0.5-1% of their workforce? I think yes. How about 2%? At what point do the lines get blurred in your judgment?
It's better not to lose your job, but if the economics dictate that you must go, public "layoffs" have some advantages.
Employees are the main cost in many companies.
Also clearly capitalism has made “some people” rich, not those mining cobalt for your Teslas though, they’re still ruined. Then there the anxiety around the fact that it wouldn’t be sustainable if we all lived like wealthy Americans. So it’s really a limited system.