Quote:
Originally Posted by xrodmuc316
Theyre not a non-profit, there is no reason to employ 300 people if 100 people provide the same results. It is absolutely shitty, but but businesswise it is the right move.
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in what way is that shitty? if an employee isnt producing enough value to jusitfy their wages why is it shitty to let them go?
Furthermore it doesnt even look like thats whats happening. as you said Wyatt was generating revenue and they still let him go so this notion is shaky from the start.
the reality is spendable operating budgets are getting tighter. the currency has a lower purchasing power (both goods and services cost more to obtain, logistics take a larger percentage of availble operating expenses [and with a touring troupe this hits you from three or four different angles since you have factors like fuel and labor and the like all hitting you directly AND indirectly] etc) and doubly these issues effect your employees as well so you already know wages are going to have to go up when contracts get renegotiated since the employees spendable income has also been impacted. so they have the future increased payroll expense to plan for as well which of course further decreases your spendable operating budget.
then theres the unknown value of R&D of potential new market possibilities that is a completely invisible budgetary value that large companies are always experimenting with one thing or another that in most cases come up as pure loss. the wwe could be looking market potential in a promising avenue that at the present is pure cost that we dont see in slightest. things like video games, the network app, the film studio and developmental territories all started in this phase and at any given time they could have something brewering thats taxing their operating budgets.
tl;dr at a time when the currency is worth less and operating expenses are ballooning to hear people gloat about company X's profits just shows how little they understand about money (let alone business) on a truly fundamental level. $1 dollar today is not $1 tomorrow. they have the economic grasp of a toddler.