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The U.S. economy is booming. So why are tech companies laying off workers?
(www.washingtonpost.com)
this post was submitted on 04 Feb 2024
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This corporate cycle isn't likely to change anytime soon right?
Top tier corps, boards, Cs, ultimately care about share price and growth right?
Isn't it tied to their pay incentives? To keep their contracts and incentives, they have to grow or reduce costs.
They make bad choices or bets among the way, no problem, just reduce costs and still meet the metrics. Only people who pay seem to be the workforce, right?
Or am I oversimplifying?