edit: that's not a joke, that's real, those are actual numbers rounded to the nearest ten million.
This caused the line to remain flat instead of going up, and the line has only doubled in height in the last four years instead of tripling or quadrupling, so the executives decided to lay off half of the overhead staff to prove that they're doing something to turn around this sinking ship.
Now we have mechanical engineers troubleshooting PDM login issues instead of system administrators.
The PE jackals slowly tearing apart the still-living body of this century-old company are very pleased.
It seems to an outside observer who has done some limited in-country contract work for Japanese aerospace firms that Japanese companies face less of this type of pressure.
This pretty much explains most of what's wrong with the current US economy.
My previous employer was a 120 year old retailer, destroyed by private equity. My current employer is 100 years old, market research firm. Currently being destroyed by private equity.
It's not just that they finanicialize everything and focus on the short term. It's also that they are genuinely bad at running companies.
But also it's not true. Dividends are taxed at the capital gains rate which is quite low, and for tax deferred investment schemes (which is to say, retirement savings) they're not taxed at disbursement and can be reinvested tax-free.
I think you're very confused about the mechanism behind a stock buyback. It's a way to make the stock value increase. There's no other point in doing it.
The downside is that it is extremely hard for new grads with no experience to get their first job in Japan and Europe compares to USA.
This system makes it relatively difficult to find jobs elsewhere, creating a negative feedback loop where employees might feel compelled to stay despite poor treatment. This is why many tolerate long working hours and unfavorable conditions. Additionally, some companies make it difficult for employees to resign, leading to the rise of resignation proxies who represent individuals in the resignation process.
https://www.tokyodev.com/articles/software-developer-salarie...
Not sure about Japan or rest of EU, but in Germany, landing a SWE with no prior experience beyond basics(watched some videos on YouTube and wrote some HTML/CSS in notepad) in larger corps is easy. Firing is also simple(2 weeks notice) during first 6 months probation period.
That said, I think probationary periods are one of the best ideas the US needs to adopt.
I don't think this is true at all, but even if SWE pays pretty badly in Germany, at least compared to the US.
I mean, I used to have a PS Vita and I enjoyed Japanese games such as the Neptunia series and Akiba’s Trip 2 and Persona 4 Golden. Most games like that come out on Steam these days.
Back in the day porting was difficult but there is no major technical difference between the current XBOX and PS and a gaming PC. Even the Switch is not all that different except it is much lower spec and requires more optimization.
Making exclusives in 2024 is just a choice to go out of business.*
