Layoffs like Meta’s show corporate social responsibility is just flowery words and big talk
by 10 per cent during the company’s best year in its history. Oracle made cuts to employee ranks even after reporting that revenue was up 5 per cent and that the company “finds itself in position to deliver stellar revenue growth over the next several quarters.”
To be sure, public companies are always under pressure to cut costs when they don’t meet market expectations. It’s hardly a new thing. But every one of these companies that cut staff has prided itself on having a compelling social purpose that is above such concerns as making money. “Technologically, we’re solving some of the world’s most challenging problems here at Oracle,” said Oracle chief executive officer Safra Catz. Microsoft says its mission is “to empower every person and every organization on the planet to achieve more.” At Ford, the company says its purpose is “to help build a better world, where every person is free to move and pursue their dreams.”
According to the Organization for Economic Co-operation and Development, while big swaths of the world are indeed better off than a generation ago, recent events have eroded a lot of that progress. The COVID-19 pandemic exacerbated social inequalities within our societies disproportionately affecting women, low-income households, children and young people, as well as low-skilled, part-time, temporary and self-employed workers.
France Dernières Nouvelles, France Actualités
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