2019 Net Income - $36B
2022 Net Income - $60B
If was part of the workforce I would be even more pissed just at the company itself. Laying off 12k and cuts in perks after $60B in net income.
This cuts both ways. How many of those laid off had any connection to that profit?
Take HR. Total cost center. By this logic they shouldn't get any piece of the pie. But in reality, without *good* HR, a company can be a shitty place to work. HR is just one example. Many others out there.
The decision whether laying off those 12000 people improves or hurts the company is the same no matter if you have $60B net income or $6B net loss. Being hugely profitable doesn't make it worth keeping more people than you need, just as having losses doesn't make it worth firing people you do need.
I understand this is the thinking that runs the economy, and it's very much a shame. With 12k unneeded people you think the work they were doing disappears? No, the people still there (that brought in records profits) now get to shoulder that work.
Do you think all 12k of those people were the worst or maybe some were older and more experiences, being paid better than a recent college grad? It's just pure greed and the people there should be pissed off at the CEO and the board.