The U.S. economy is booming. So why are tech companies laying off workers? - eviltoast
Google, Amazon, Microsoft and a raft of others fired thousands of workers in January, continuing a layoff wave that began in 2022.

The U.S. economy is booming. So why are tech companies laying off workers?::undefined

  • CountVon@sh.itjust.worksEnglish
    37·
    9 months ago

    Elon broke the seal on firing huge swaths of a tech workforce to make your numbers look better.

    Don’t give him too much credit, it’s hardly the first time the tech sector has gone through this cycle. Elon had to do it because he massively overpaid for Twitter. The fact that his layoffs came at the front of this wave is probably just coincidence.

    • Wrench@lemmy.worldEnglish
      51·
      9 months ago

      I wouldn’t say coincidence. I’d say the others were wanting to do the same, but held back because of bad press. After Elon did it, they had an excuse that took the heat off.