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1/39 I haven't done a mega-thread in a while. Apologies in advance.
Big business in North America and some other places - some of Europe, plus portions of the economy in Japan, Korea, and various others - is widely seen as unwilling or unable to innovate and invest in its own future.
The reason for it boils down to personal greed. This take isn't even very controversial; it's certainly not original. But I have a proposal that might be, and might help fix it.
24/39 Long term disadvantages: laying off 12,000, loudly contemplating laying off more, and talk of cutting salaries tends to make it harder to recruit and retain top talent. If they feel unsafe in their position, or (and this is important) they just think it's possible things might go in that direction in future, they may not start sending out resumes today -- but they'll be much more likely to answer that recruiter's next email or phone call.