this post was submitted on 04 Nov 2023
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What I don't get is what made 2023 the year of the cut brakes? Seems like every corporation has decided to just go full fucking tilt on pushing their consumers to the edge of what they're willing to put up with and they have ZERO shame about any of it.
High consumer spending keeping the economy afloat against the predicted recession that never materialized. Companies figured they could start charging more and get away with it.
Won't that risk to actually start the recession though?
The people making the decisions don't care nor will they be affected by one in any meaningful way.
But they will earn less money, won’t they?
The company will, but from what I've seen the decision makers find ways to ensure they still get paid just as much or nearly as much, usually by laying people off and screwing over customers even more.
These companies are purely short term focused. They don't look to the long term and they don't care about the company's stability far into the future. It's all about hitting the next financial target no matter what.
Yeah but if you enter a recession, your earnings will be much less. Even if you fire most of your staff, you won't earn shit anyway.
So causing a recession seems like a very dumb idea
I agree with you, but from what I've seen large corporations don't. That's all I can say, and this is all just anecdotal.
Profits going down I guess. People save money when inflation is crazy, and if the company profits go down, their stocks go down also. If that happens, leadership may be replaced etc etc.
Ive cancelled most of my subs because they didn't even provide enough value before the price hikes.
So the people who remain and who are fine with paying YouTube or Netflix, they will have to pay more to support higher profits.
Probably in 2030, people will both pay and watch lots of ads since that gives maximum profits. Pretty much how cable TV went.
As an argentinian I find people from the US treating your anual Inflation as if it was doomsday amusing
You can't use Argentina as a benchmark here haha.
"First time?"
I agree with regards to other studios but, activision blizzard has had no shame for a while, not a new thing at all.
Higher interest rates put pressure on tech companies to actually not only become profitable but also compete with those returns considering the risk.