Comment by gloxkiqcza
7 days ago
The point was it’s two orders of magnitude more than the original comment stated. Also 1% of yearly revenue is not insignificant.
7 days ago
The point was it’s two orders of magnitude more than the original comment stated. Also 1% of yearly revenue is not insignificant.
How is it not? Will anyone actually feel this fine?
YoY percentages are usually presented with one decimal place of precision. This makes the number drop by one whole percentage point. It impacts net profit margin and profit numbers even more. Literally everyone up to the C level executives, board of directors and shareholders will notice and care about this. The missing money could have been invested into making more money in the future or payed out as dividends. Instead it’s gone.
This also means all employees feel this because it affects the prospects of their raises, management pressure and in the end whether they get to keep their job or not. (I’m not saying the recent layoffs were caused by this but it sure as hell didn’t help.)
Every single penny matters to a capitalist corporation and this was not pennies.