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Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that? (www.npr.org)

submitted 9 months ago by [email protected] to c/[email protected]

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Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?::undefined

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[–] [email protected] 118 points 9 months ago (4 children)

Could it be...greed?

[–] [email protected] 34 points 9 months ago

Americans corporations, greedy? No, surely you jest.

[–] [email protected] 18 points 9 months ago* (last edited 9 months ago)

"Helping their stock prices so there is no reason to stop ".

No reason to stop... :)

If you are the kind of person that thinks collecting money is the reason we exists here, I guess it's hard to see a reason to stop. Lols.

[–] [email protected] 14 points 9 months ago (1 children)

Q1 profits. It happens to some extent every year between Thanksgiving and early February. It helps the books for Q1. 1rst earnings calls of the year mean more than they should.

[–] [email protected] 4 points 9 months ago

And when everyone is doing it it’s much easier to do..

Rinse & repeat

[–] [email protected] 4 points 9 months ago

You don't say