>

They're not the only ones doing it in that industry either
Total shareholder return:

2018: 8.70%
2019: 10.20%
2020: 5.2%​
2021: 2.60%
2022: 32.40%

Source
🤔 >

Yeah, It doesn't really work that way - on a plc you can't hold onto last year's profits to offset current year cost inflation. They also can't have a predicted net operating loss on the books, or there ends up being a run in stocks. So you end up with the annoying cycle of mass layoffs to keep positive profit for stock value, and then mass recruitment when whatever the issue is has passed. >

They have about 4500 stores and 300000 employees, fluctuating by about 10000 people a year. >

These large companies are working hard to manufacture a global recession because workers finally were standing up to say we are done with you taking advantage of us. They had record profits and are still doing this shit. It’s so obvious and one day I hope we stand up and say enough is enough. >

Are the prices staying the same? I assume costs will now not go up. >

tesco jacked up all the prices here unless you get club membership. sure its free but they are just data mining at this point >

Damn, another mass firing? Shit's getting brutal. >

Zorg: "Fire one million."