At some point they have to file for bankruptcy. Debt is too high.
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Tried it? You mean control it and manage it and guide it like the Chinese do.... ?
Capitalism is about free market economy. Free flow of labor and capital, maximizing profits for shareholders and running efficient companies. Not heavy bloated ships like Seagate.
Actually, American capitalism would be great, provided someone really tried it.
Suggesting that the American late stage capitalism isn't rotting, lol
Get out and go where ? Uber, Cisco, HP, Amazon, Juul, Lyft, Tesla ?
You don’t get it do you? This is capitalism, this is how it works. Work hard, play hard, move on and don’t b–ch.
You don’t like it? Go live in Greece or France and partake in the rotting EU economic model.
Get out while you can.
2019 Silicon Valley Review -
Uber laid-off 350
HP laid off 9000
Juul 650
Cisco 7000
Oracle 1000
Tesla 7%
Macy’s 10000
Pandora 7%
Amazon 3000+
There is still another 20k of employees to cut before bankruptcy is considered. This is an optimization problem to give every last dollar to investors from HDD while not developing any new products or research and creating an illusion that autonomous driving, 5g, it 4.0 will propel the company to flat revenue for the next 5 years.
By creating this illusion the debt can be refinanced until rates go up or some global shock causes debt markets to dry up.
They can keep it going as long as they can pay the dividends. They'll just roll over the long term debts into new bonds as the debt becomes due. It will be 5-6 years of revenue declines before this will bite them.