Is that not an admission that his poor management and lack of vision cannot foresee any way to make profitable use of those people's labor?

A company raking in 5-6 billion per year can't find any profitable bets to make? Possibilities to invest in? All they can do is cut?

LOL. If you're that bad at capitalism then please resign and let someone else give it a try.

Reminds me of PG&E. So bad at being a for-profit electric company they need constant state handouts to guarantee profits. They made bad contracts so they need a PCIA fee for not selling me electricity. Hedging? Severing contracts? Arbitrage? Forecasting? Never heard of those, now make with the free coin! My son... if you are that bad at capitalism shut it down!

I agree with Warren Buffet's take here. A company that cuts or can only pump dividends is basically saying "we can't figure out how to make productive use of people and/or cash". What an unbelievable joke.