If anyone hasn’t watched the latest Wendover Productions video, I highly recommend it.
It covers John Deere’s transition into a technology company and details why they’re laying off a lot workers. Link
I think they’re going “fabless”, and focusing on the automation technology and leaving the manufacturing to third parties.
Wonder if you could leave the bs out and order directly from the suppliers.
These guys are planning on running a negative added value company.
They’re selling the software that makes all the shit actually work. So you’d get a tractor with a bunch of processing power and have to program it yourself.
I’m willing to bet we could get open source software that works way better.
Likewise, if Microsoft stopped making Windows and everyone had to switch to something open source, the quality of personal computing would go through the roof.
Also, I think it’d just be smarter to nationalize the tech. Have the government bid out new advancements and maintenance, but the actual IP is owned by the government. It’s wild that we’re letting a single company control effectively 80% of our agriculture. Huge national security risk.
You’d need an organization to manage the satellite assets at least. That’s presumably the biggest barrier to overcome. They have a custom gps network specifically built for them
The US military handle gps, not john deere.
Please ask Boeing how that plan is working out for them?
Blind greed is a deadly affliction for all but the afflicted
Why is the picture of pritzker? Is he laying people off?
That was last quarter. You don’t have to be very good at economics to look at world crop supplies, the age of the current farming equipment fleet, and other such data and conclude this next year will be tough for ag companies like Deere.
Of course the above is nothing new - ag is a cyclical business, you see the above ever 5-10 years. Previous to the current CEO the last layoffs of this type of position was the mid 1980s - several other CEOs saw the same signs the current one does and were able to manage it without layoffs.
Are you feeling sorry for a soulless company that they didn’t steal enough pay from the employees and now they need to fire people to improve their quarterly report?
I’m strictly reporting facts. How you feel about them is your decision. Though I suspect you didn’t read everything I wrote if you come to that conlusion.
It’s not inflation if companies are posting record profits.
$10 billion might be record breaking but not the record breaking you are thinking of. 2017 was the last time they posted profits around $10 billion or less.
Sure. But they aren’t the only ones posting record profits in the past few years.
If a company makes 10 billion dollars, they should be able to hire more people or pay everyone more. Instead that money is siphoned by unemployed bums who have absolutely nothing to do with the company - the “investors.”
If this system weren’t already in place, we would consider it completely comical.
Except their profits need to also cover: Reinvestment in the Business: This includes spending on research and development, upgrading equipment, expanding operations, and improving infrastructure.
Debt Repayment: Reducing existing debt to strengthen the company’s financial position.
Dividends: Distributing a portion of profits to shareholders as dividends.
Share Buybacks: Purchasing the company’s own shares to reduce the number of outstanding shares and increase the value of remaining shares.
Employee Compensation: Providing bonuses, raises, benefits, and other non-salary incentives to employees.
Mergers and Acquisitions: Acquiring or merging with other companies to expand market reach and capabilities.
Savings and Reserves: Setting aside funds for future investments or as a buffer against economic downturns.
Corporate Social Responsibility (CSR): Investing in community projects, environmental sustainability, and other social initiatives.
Marketing and Advertising: Increasing brand awareness and market presence through marketing campaigns.
Technology Upgrades: Investing in new technologies to enhance efficiency and productivity.
To name a few.
Is that what they should do? Abso-fucking-lutely
But is that what any publicly traded company does??
Did you even read the fucking article 🤣
Chatgpt detected
100% I’m not fuckin typing that all out lol.
It just tickled my GPTdar
I don’t trust it as far as I can throw it for things I am uninformed on and I do not think any of these AI models are going to change the world the way people are hoping. However, as a tool for saving time I think they’re great. Prompted properly of topics you are able to audit for accuracy and I’ll let them do all the tasks in the world lol. I’ll admit I felt guilty as fuck as soon as I saw you call me out on it lol but for how spot on you were I had to give you the credit and confirmation you were 100% accurate 🍻
What a weird choice to have an image of Pritzker for this article.
Agreed. I don’t know much about the source but it might just be an indication of the author’s intent, if there is a human author.
There is a much better image choice to be used and it would not take much effort.
Update: Saw the pic, read the article, but didn’t realize the forum until afterwards. Will just move and pretend.
I just noticed other articles about California and Michigan. They also used Newsome and Whitmer as the image. But then another for Georgia did not use Kemp as the image.
Sounds like there is a motive. Typically I sample the headlines and read a site’s “About Us” page before diving in.
It was early, I saw a familiar face, and started reading. Also this very subgroup is a tad bit too general for my taste. Never again.
All three have one thing in common: named as potential replacements.
Media moves quick to burn.
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John Deer stock buybacks
- April 30, 2024: $1.1 billion
- January 31, 2024: $1.3 billion
- October 31, 2023: $2.6 billion
- July 31, 2023: $2.1 billion
- April 30, 2023: $1.3 billion
- January 31, 2023: $1.3 billion
- October 31, 2022: $1.2 billion
- July 31, 2022: $1.3 billion
Total: $12.2 billion in 2 years.Profit doesn’t matter if it doesn’t make the line go up! It’s a failing company because line didn’t go up! Tractors aren’t the product. Only line is product. All hail line. If we pray to line, perhaps line go up?
Yes, yes, now: about those executive paychecks. We feel $27M per year isn’t competitive. We’re thinking more like 500M. To start.
They wouldn’t use the word competitive though. They use that word for the lower employees, and its meaning is “we’d pay you lower if we could”. Well actually I guess for a few hundred they did just that by going to zero. Nothing can be done though, line is all. The joke at my work is about the company stock price. All praise stock. We don’t see anything from it, but it’s glorious.
Humanity is not important. Humanity must sacrifice itself for The Line.
The Line will continue to Go Up, whether or not humanity is around to see it. All hail the Line.
Me furiously taking post-apocalyptic worldbuilding notes from your comment 🫨🫨🫨
The Line will the people, from the Place of Lies to the Land of Plenty. The Line does not deviate.
The Line Lay as The Line Like!
Let us all gather and pray for the ascension of the demarcation.
10 to 15 yrs later: “Line no longer go up! We need bailout!, if no bailout, line go down and politicians fired!”
Yup sadly with how the Crockmarket works a company can fail because the line didn’t go up. If it doesn’t go up investors will pull out and kill a company but this thinking is bullshit because as soon as a company starts to dip some will sell but others will step in and then the new line is a bit lower but then it can go up without layoffs.
Remember that trope about AI destroying humanity due to mistakenly trying to over-optimize for bent paperclips
Turns out it was actually always about the lines humanity itself could raise along the way
We ONLY made 10 BILLION in profit!?
WHAT THE ACTUAL FUCK JOHNSON!? We made 10 last year! This year is supposed to be 12 billion!
YOU’RE ALL FIRED!
The inner workings of a Totally Sane Business Economy™
Me, imitating the pose of a thoughtful looking person I saw in a magazine: have we tried AI the line? Like make AI do the line, and me have more money? Need more money for AI implement line AI money make?
Line them throats, line them wrists,
For the market share
They’d call us terrorists
We can hardly care.
7-8 billion actually. But I suppose they rounded up.
https://thehill.com/business/4750201-john-deere-laying-off-hundreds-of-midwest-workers/
Ah, it’s last year vs this year. I get it.
What’s a few billion between the bourgeoisie.
The struggle is glorious innit
No joke, in certain instances of my profession a few billion is a rounding error. Real money numbers today are fucking enormous.
Billionaires aren’t the bourgeoisie. They are the aristocrats. The bourgeoisie is more like six-figure annual income in the US.
I don’t know about y’all, but I’m getting a hunger. Particularly for The Rich.
I’m one of those guys that’s getting laid off 😭
Sorry to hear this nobody deserves to be laid off. I hope you have a lot of money stashed away.
Laying off employees should be illegal. Fuck greedy dirty executives and CEOs.
It’s actually not that bad because I’m in the UAW. So contractually, Deere still pays me “subpay” for almost a year (way less, but it’s something) and I keep my health insurance for 6 months. I also get callback rights for 3 years and I’m one of the first like 50 guys to get called back. I heard from a guy that would get fired for saying so that we’ll be back about the first of the year, so I’m just pretending it’s a long vacation.
I feel really bad for some of my salaried friends, they have no protections. They don’t get subpay, they don’t keep their insurance, and they definitely don’t get callback rights. Those poor bastards don’t even know who’s getting canned yet.
Meanwhile Deere spent billions buying back stock and sending our jobs to fuckin Mexico. When we went on strike I said we should open negotiations by rolling the CEO’s severed head across the table. Everyone said “God damn Bizzle, you ever consider chilling?” but now look, they think they can do whatever they want. No accountability. Welcome to the “Land of the Free”, as long as you’re fabulously wealthy.
Well hopefully people will buy from a different brand.
I think we found out who ate all the pies.
Most people know this recent history, but in case you missed it:
So payback for right-to-repair? Feh. They’d have done it anyway. Flag-wavers in farm country expecting some incoming cognitive dissonance.
Payback wasn’t the point, I was just providing some context. John Deere sucks for multiple reasons.
Not good enough for Republicans. John Deere has to abandon any and all programs to have a diverse workforce.
I am taking they fired DEI grifters then…
Who is crying over that lol fuck those clowns.
And you’re evidence that those people were “grifters” is what?
My work made sit a through “seminar” one time because exec team is all white…
They though hiring this trash and wasting my time will fix the perception of all white exec team…
It did not haha but now I know what DEI actually means tho
Where is your evidence this shit has use beyond corporate PR cirlc jerk?
Dear God. If your writing is indicative of what made the cut, I’d hate to see who they let go.
say what?
Ah, I see. Anectode, the plural of data.
Clearly because the specific people who your work made you sit through being pointless means all DEI everywhere is a scam.
You ain’t even got an anecdote tho
What data are u relying on…
Actually what is this data even prove?
Sorry, that’s not how the burden of proof works. You made the claim that DEI is a scam. It’s not my job to prove that’s true.
So nothing … Ok
Sounds like you should blame your executive team for using DEI as a prop rather than blaming DEI for not being some magical cure all that would force your executives do something beyond token gestures
Cute of you to assume corpos and DEI grifters do anything beyond a charade haha
I also have a job believe it or not. We build analytical tools that are stratifiable by different types of demographics because not everyone has uniform access to healthcare. It’s a real thing even if you don’t want it to be.
I’m not curious enough to ask them, but I am mildly curious what they think the solution should be to get a diverse workforce. I’m guessing it’s “don’t have one.”
