> the labor they are buying is more expensive than the profits from the products they were planning to build with those employees
Thats it. Thats where the Marxism enters. Most of these companies (or the bigger ones) aren't losing money with these new products, they were just losing profit margin because its profitable but not as profitable. They chose to have fatter profits over your employment and wellbeing.
WRT your employment, you’re not their top priority, so they shouldn’t be yours.
Also, FWIW big companies lobby to keep healthcare employment tied, not because they love paying for healthcare, but because they love the forced loyalty - it makes quitting/being fired way more risky. Companies expect 2 weeks notice on quitting, but will lay you off overnight via email. Companies will ask you your salary expectation to underpay you, but won't tell you their salary range up front (except in California where it is now law to do so). The imbalance is crazy.
> Most of these companies (or the bigger ones) aren't losing money with these new products, they were just losing profit margin because its profitable but not as profitable.
Maybe, if you consider the company as a whole. If you consider the product line, no, because the product line isn't earning revenue yet. It's a bet on the future.
If you are working at Google, your well-being is already very good. Ride the highs and the lows, start saving some of that huge pay and you will be able to coast along while looking for new jobs.
Otherwise you could just work in government and get paid bellow average but be stable in all economic environments.
Thats it. Thats where the Marxism enters. Most of these companies (or the bigger ones) aren't losing money with these new products, they were just losing profit margin because its profitable but not as profitable. They chose to have fatter profits over your employment and wellbeing.
WRT your employment, you’re not their top priority, so they shouldn’t be yours.
Also, FWIW big companies lobby to keep healthcare employment tied, not because they love paying for healthcare, but because they love the forced loyalty - it makes quitting/being fired way more risky. Companies expect 2 weeks notice on quitting, but will lay you off overnight via email. Companies will ask you your salary expectation to underpay you, but won't tell you their salary range up front (except in California where it is now law to do so). The imbalance is crazy.