Yeah I've seen this for a bunch of startups that weren't profitable and struggled to close a new funding round. They pay back the VCs, the employees get zeroed out, and the execs usually get a retention bonus in the 6 figure range.
202 karma · joined January 26, 2023
Capitalists have co-opted the least disruptive demands of advocates in an attempt to draw attention away from the actual point. They think if they focus on saying words and not doing deeds, people will move on and forget.
People have said it in the thread, but counter-culture is really defined retrospectively. You look at the movements that existed on the periphery but later inspired the mainstream. Velvet Underground wasn't selling millions of records, but everyone who started a band listened to them. Lou Reed is pretty indier than thou.
It's also worth noting many places enshrine in law protections for layoffs because of the power imbalance between employees and employers.