Boeing cutting more than 12,000 U.S. jobs with thousands more planned
This is what happens when you let the accountants run the business.<p>First the research goes. Then the product engineering drops. Then there's mass layoffs. Then the whole thing falls apart.<p>To an accountant, a drop in costs is as valuable to the business as a rise in revenue. To everyone else, this is obviously not true. Risking future profits to cut current costs is a great move according to an accountant. For everyone else, it's corporate suicide.<p>Edit: I realise COVID. But that's the excuse, not the reason.