Profit doesn’t matter if it doesn’t make the line go up! It’s a failing company because line didn’t go up! Tractors aren’t the product. Only line is product. All hail line. If we pray to line, perhaps line go up?
Yes, yes, now: about those executive paychecks. We feel $27M per year isn’t competitive. We’re thinking more like 500M. To start.
They wouldn’t use the word competitive though. They use that word for the lower employees, and its meaning is “we’d pay you lower if we could”. Well actually I guess for a few hundred they did just that by going to zero. Nothing can be done though, line is all. The joke at my work is about the company stock price. All praise stock. We don’t see anything from it, but it’s glorious.
Yup sadly with how the Crockmarket works a company can fail because the line didn’t go up. If it doesn’t go up investors will pull out and kill a company but this thinking is bullshit because as soon as a company starts to dip some will sell but others will step in and then the new line is a bit lower but then it can go up without layoffs.
Remember that trope about AI destroying humanity due to mistakenly trying to over-optimize for bent paperclips
Turns out it was actually always about the lines humanity itself could raise along the way
10 to 15 yrs later: “Line no longer go up! We need bailout!, if no bailout, line go down and politicians fired!”
Not good enough for Republicans. John Deere has to abandon any and all programs to have a diverse workforce.
I am taking they fired DEI grifters then…
Who is crying over that lol fuck those clowns.
And you’re evidence that those people were “grifters” is what?
My work made sit a through “seminar” one time because exec team is all white…
They though hiring this trash and wasting my time will fix the perception of all white exec team…
It did not haha but now I know what DEI actually means tho
Where is your evidence this shit has use beyond corporate PR cirlc jerk?
Ah, I see. Anectode, the plural of data.
Clearly because the specific people who your work made you sit through being pointless means all DEI everywhere is a scam.
You ain’t even got an anecdote tho
What data are u relying on…
Actually what is this data even prove?
Sorry, that’s not how the burden of proof works. You made the claim that DEI is a scam. It’s not my job to prove that’s true.
So nothing … Ok
Sounds like you should blame your executive team for using DEI as a prop rather than blaming DEI for not being some magical cure all that would force your executives do something beyond token gestures
Cute of you to assume corpos and DEI grifters do anything beyond a charade haha
I also have a job believe it or not. We build analytical tools that are stratifiable by different types of demographics because not everyone has uniform access to healthcare. It’s a real thing even if you don’t want it to be.
I’m not curious enough to ask them, but I am mildly curious what they think the solution should be to get a diverse workforce. I’m guessing it’s “don’t have one.”
7-8 billion actually. But I suppose they rounded up.
https://thehill.com/business/4750201-john-deere-laying-off-hundreds-of-midwest-workers/
What’s a few billion between the bourgeoisie.
No joke, in certain instances of my profession a few billion is a rounding error. Real money numbers today are fucking enormous.
The struggle is glorious innit
Ah, it’s last year vs this year. I get it.
Trickle down economics at work folks.
We’re living through the shittiest part of late-stage capitalism. It’ll never be good for typical people again.
I’m MUCH Happier with my Tax Dollars going to these Job Creators laying off Workers then to Feed Starving American Children!
-Fiscally Responsible Jesus Humping Republicans!
Most people know this recent history, but in case you missed it:
So payback for right-to-repair? Feh. They’d have done it anyway. Flag-wavers in farm country expecting some incoming cognitive dissonance.
Payback wasn’t the point, I was just providing some context. John Deere sucks for multiple reasons.
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If anyone hasn’t watched the latest Wendover Productions video, I highly recommend it.
It covers John Deere’s transition into a technology company and details why they’re laying off a lot workers. Link
I think they’re going “fabless”, and focusing on the automation technology and leaving the manufacturing to third parties.
Wonder if you could leave the bs out and order directly from the suppliers.
These guys are planning on running a negative added value company.
They’re selling the software that makes all the shit actually work. So you’d get a tractor with a bunch of processing power and have to program it yourself.
I’m willing to bet we could get open source software that works way better.
Likewise, if Microsoft stopped making Windows and everyone had to switch to something open source, the quality of personal computing would go through the roof.
You’d need an organization to manage the satellite assets at least. That’s presumably the biggest barrier to overcome. They have a custom gps network specifically built for them
The US military handle gps, not john deere.
It’s not inflation if companies are posting record profits.
$10 billion might be record breaking but not the record breaking you are thinking of. 2017 was the last time they posted profits around $10 billion or less.
If a company makes 10 billion dollars, they should be able to hire more people or pay everyone more. Instead that money is siphoned by unemployed bums who have absolutely nothing to do with the company - the “investors.”
If this system weren’t already in place, we would consider it completely comical.
Except their profits need to also cover: Reinvestment in the Business: This includes spending on research and development, upgrading equipment, expanding operations, and improving infrastructure.
Debt Repayment: Reducing existing debt to strengthen the company’s financial position.
Dividends: Distributing a portion of profits to shareholders as dividends.
Share Buybacks: Purchasing the company’s own shares to reduce the number of outstanding shares and increase the value of remaining shares.
Employee Compensation: Providing bonuses, raises, benefits, and other non-salary incentives to employees.
Mergers and Acquisitions: Acquiring or merging with other companies to expand market reach and capabilities.
Savings and Reserves: Setting aside funds for future investments or as a buffer against economic downturns.
Corporate Social Responsibility (CSR): Investing in community projects, environmental sustainability, and other social initiatives.
Marketing and Advertising: Increasing brand awareness and market presence through marketing campaigns.
Technology Upgrades: Investing in new technologies to enhance efficiency and productivity.
To name a few.
Chatgpt detected
100% I’m not fuckin typing that all out lol.
It just tickled my GPTdar
I don’t trust it as far as I can throw it for things I am uninformed on and I do not think any of these AI models are going to change the world the way people are hoping. However, as a tool for saving time I think they’re great. Prompted properly of topics you are able to audit for accuracy and I’ll let them do all the tasks in the world lol. I’ll admit I felt guilty as fuck as soon as I saw you call me out on it lol but for how spot on you were I had to give you the credit and confirmation you were 100% accurate 🍻
