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(RealClear)   Employees, thank you for helping us achieve $511,000,000 in profit last quarter. We need 1,100 of you to pack up your things and leave   (realclear.com) divider line 30
    More: Obvious, Texas Instruments  
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23016 clicks; posted to Main » on 22 Jan 2014 at 11:59 AM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest

2014-01-22 12:05:56 PM
6 votes:
5318008

.
2014-01-22 12:06:19 PM
5 votes:
imgs.xkcd.com
I hope crappy-calculator-guy isn't one of those 1,100.
2014-01-22 12:04:37 PM
4 votes:

Diogenes: I blame regulations and taxes.


My dog shat in the hallway yesterday, I obviously blamed Obama. He might have been responsible for me losing my keys last week, but I'm more inclined to think it was either aliens or the Knights Templar.
2014-01-22 12:19:56 PM
3 votes:
Were these folks told "If you like your job you can keep it, period?"
2014-01-22 12:03:08 PM
3 votes:
Clearly we need to lower corporate taxes and elect more republicans.
2014-01-22 12:02:36 PM
3 votes:
The employees need to get ready with those bootstraps!
2014-01-22 12:01:31 PM
3 votes:
I blame regulations and taxes.
2014-01-22 02:09:55 PM
2 votes:
Good to see people show up to irrationally white knight these actions.

It's like a slave getting beaten for not being productive enough, and the other slaves are quick to lament, well what's a slave owner to do, not beat the slaves?
2014-01-22 12:09:23 PM
2 votes:
Why would they get out of mobile phone chipsets?  You can sell the same (or similar) chips every 2 years to the same people.
2014-01-22 12:04:03 PM
2 votes:
But I thought corporations were a magical machine that turned profit into jobs. You mean to say that businesses somtimes don't automatically hire new people when they make money? What kind of socialist country is this!
2014-01-22 12:03:00 PM
2 votes:
In a way those 1,100 employees will now be partially responsible for the 1,000,000,000 mark so they should feel good about that.

/team players all of them
2014-01-22 05:35:04 PM
1 votes:

HeadLever: a retroactive rhetorical question?


I have you farkied as "rightwing dumbass and wealth apologist", so I'm not surprised you don't understand stuff.
2014-01-22 02:34:52 PM
1 votes:

WhyKnot: um...i hope people realize that the executive don't put the profits in their pockets...they pay shareholders and reinvest the money.   Shareholders are me and you...our 401Ks...essentially when corporations do good, your retirement increases...why don't people understand that?


You think they invest 100% of what they make back to the shareholders and into R&D?
2014-01-22 02:03:21 PM
1 votes:

HeadLever: Ishkur: Besides, GE isn't going anywhere so long as they don't pay any taxes.

They pay some taxes, albeit a very small amount compared to their income.  If you want to change that, then get rid of the deductions they are eligible for.  However, be aware that tax policy is one of the government's favorite social engineering tools.  You give them tax breaks in exchange for them doing stuff you want.  You eliminate those tax breaks, you eliminate your control over them.


The government has an army and police with guns. Tax breaks aren't the only way to fix poor corporate behavior
2014-01-22 01:49:41 PM
1 votes:
"Fire one million."

i.imgur.com
2014-01-22 01:19:36 PM
1 votes:

Ritley: Not saying it's the case with TI, but companies absolutely do not look at the long term when making decisions. CEOs move the company in a direction that will maximize profit over the next few years, then leave with the obscene amount of money they made while the company flounders due to the unsustainable direction it took.


You misspelled "quarter".
2014-01-22 12:59:32 PM
1 votes:
The problem here is not the workers.  The problem here is the overall capitalistic nature of work.  Workers are becoming too specialized.  For instance from the conception of a product to the completion of the product capitalism and the capitalist has promoted the division of labor and divorced the worker from the product by having the worker maybe only turn 2 screws before handing it off to the next person in line to tighten a bolt (for example).  In this quest for efficiency, the capitalist has dumbed down the workforce.  The worker has no interest in the final product, the worker may not even know or understand what the final product is.

Now, I'm not saying that one worker should create one product.  I am saying the worker should have a basic understanding of what he/she creates.  I believe the worker should create a product in the spirit of cooperation rather than in the spirit of I just need a pay check (this is a much deeper subject)....
2014-01-22 12:36:55 PM
1 votes:
When I think of Texas Instruments, I think of:

upload.wikimedia.org
2014-01-22 12:36:47 PM
1 votes:

Beerguy: [www.quickmeme.com image 625x418]
[3.bp.blogspot.com image 264x400]


i183.photobucket.com
2014-01-22 12:34:55 PM
1 votes:

DarkSoulNoHope: The employees need to get ready with those bootstraps!


They need to find that cheese!
m00
2014-01-22 12:31:29 PM
1 votes:
This sort of thing is the systemic failure of Wall Street.

Large corporations cut workers amidst profits to boost revenue lines on graphs so investors value the stock. Market capitalization has become more important than net worth when determining future outlook. The problem is that Wall Street gets to decide who wins and who loses in the market (as opposed to consumers), and they do it with share price, so that has become the only important thing. Because all businesses have some outstanding debt (you're not maximizing your profits unless you do), and the debt-holders which typically are on Wall Street care more about share price than earnings.
2014-01-22 12:30:44 PM
1 votes:
Just last week, my company announced we made 700,000$ profit in December.  The same day we got an email saying to stop working overtime (we are hourly) but keep doing the same amount of work.
2014-01-22 12:26:09 PM
1 votes:
Well, they're looking for a Zamboni driver in Ottawa if that appeals to anyone:

http://hockeyjobs.m.teamworkonline.co m/Jobdetail.aspx?j=63547
2014-01-22 12:21:10 PM
1 votes:
Maybe they can get hooked up over there at Initech.
2014-01-22 12:20:20 PM
1 votes:
So you would prefer they expend money on employees they don't need, so they can run out of money faster and take down the company so EVERYBODY loses their job...

I swear Libtards are like spoiled children. "I wanna pony!" "We don't have any place to keep it"

"I DON'T CARE! I WANNA PONY!!"
2014-01-22 12:20:05 PM
1 votes:
It sounds to me like TI is being a smart company, ditching declining products before they become unprofitable and concentrating on long-term growth.

But that's no fun, so OH NOES EBIL CORPORATIONS REPUBLICANS TRICKLE DOWN PROLETARIAT DYSTOPIA!
2014-01-22 12:07:46 PM
1 votes:

State_College_Arsonist: So, what, you want them to spend money on businesses that lose money?


Oh, I dunno.  Hows about they take a little of the 2.2 BILLION DOLLAR PROFIT and invest it in some new growth areas, instead of paying out humongous CEO bonuses and sucking Wall Street's balls.

But that's not what Jesus would do, so no.
2014-01-22 12:06:28 PM
1 votes:
www.quickmeme.com
3.bp.blogspot.com
2014-01-22 12:06:24 PM
1 votes:
Serves them right. $511,000,000 in profit is not enough. You have to downsize a lot of employees or else the fickle stock market and speculators will bury you.
2014-01-22 12:04:05 PM
1 votes:
In TI's defense, my TI-35 galaxy solar calc is still going strong 29 years later. Not that that helps Jacky McJobless...
 
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