• Layoffs and Stock Buybacks aka “Greed”

  • Jun 21 2024
  • Length: 37 mins
  • Podcast

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Layoffs and Stock Buybacks aka “Greed”

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  • Summary

  • What is with the spasm of corporate layoffs. It is happening everywhere from John Deere to Facebook. And those layoffs often come with buybacks of stock by the company followed by an uptick in the stock price. What’s going on? Author and labor activist Les Leopold explains the growing corporate strategy of layoffs and stock buybacks to juice the stock price and pad their wallets with bonuses. Why does this happen? Why do we allow it? And what should we do about it? Les's book, Wall Street's War on Workers: How Mass Layoffs and Greed Are Destroying the Working Class and What to Do, available now.
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Political Science Social Sciences
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