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After 114 days of change, Broadcom CEO acknowledges VMware-related “unease” (arstechnica.com)

submitted 8 months ago by misk@sopuli.xyz to c/technology@lemmy.world

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[–] kautau@lemmy.world 65 points 8 months ago (2 children)

Yes, the only thing that Broadcom gives a shit about here:

Broadcom expects VMware revenue to grow double-digits quarter over quarter for the rest of the fiscal year.

The ‘ol late-stage capitalism adage “growth above all else”

[–] fluxion@lemmy.world 44 points 8 months ago (1 children)

"Short-term growth above all else, then lay everyone off and find the next business to buy out and ruin"

[–] laxe@lemmy.world 10 points 8 months ago (1 children)

Executives care only about their bonuses, and the best way to boost them is to milk companies on the short term even if it ruins them on the long term. There is no incentive to care about long term.

[–] henfredemars@infosec.pub 5 points 8 months ago

Investors reward this behavior. The system is designed to destroy good things.

[–] Bakkoda@sh.itjust.works 26 points 8 months ago

Translation: We are gonna gouge the ever living fuck out of every single customer.