this post was submitted on 14 May 2025
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But we can somehow afford $150,000,000 in stock buybacks!
My employer actually did this. They even told us they had no money for raises. We found out why by reading the SEC filings.
What they meant to say is: "we don't have money for raises if we're going to add more value for shareholders (who are more important to us than you are)"
The harder they try to do that the more our stock moves in the other direction.
I guess the short sellers are happy.