this post was submitted on 04 Feb 2024
240 points (92.6% liked)

Technology

57453 readers
5333 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
240
The U.S. economy is booming. So why are tech companies laying off workers? (www.washingtonpost.com)
submitted 6 months ago by [email protected] to c/[email protected]
99 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[โ€“] CountVon 39 points 6 months ago (1 children)

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.

[โ€“] [email protected] 4 points 6 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.