‘Sick’: Most Profitable US Companies Fired Workers, Enriched Shareholders During Pandemic

Kenny Stancil, staff writer

“This is a global crisis but the big companies are not treating it as one—they haven’t skipped a beat.”

Kenny Stancil, staff writer
“This is a global crisis but the big companies are not treating it as one—they haven’t skipped a beat.”
Salesforce CEO Marc Benioff (L), a signatory to the Business Roundtable's 2019 statement on corporate purpose and a proponent of so-called "stakeholder capitalism," continued to prioritize the interests of shareholders in 2020—laying off 1,000 workers despite a 28% increase in revenue compared to last year—even after vowing not to do so during the pandemic's early stages. (Photo: Steve Jennings/Getty Images for TechCrunch)

This post was originally published on Radio Free.


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