Layoffs as Happy Stories in the Corporate Media
Consider this 'meme':
It's based on a longstanding pattern. Here are some new examples from the news.
A CEO appointed by Bezos (founder) to lie to the media:
Layoffs are "growth":
Reducing headcount is "growth", apparently.
Mass layoffs (over 10% of staff) are people who "leave":
This week's spin; companies driving out their workers means they "leave".
If corporate media is controlled by corporate interests, then even bad news (or corporate failure) will get spun as "success" or "innovation" (vapourware like "Hey Hi").
By the way, IBM is 60.126 billion dollars in debt, according to IBM. But that does not tell the full story because of debt-loading and offloading of debt. For instance, 4.099 billion dollars in debt at Kyndryl Holdings Inc.
How much of its debt has IBM hidden by offloading to units it can later liquidate along with the "missing money"? Some call this "financial engineering". The corporate media calls it "shrewd" accounting. █
Hours ago (it is about IBM):
