Why widespread tech layoffs keep happening despite a strong U.S. economy

by diacewrb

5 comments
  1. >Companies that conducted layoffs haven’t been punished, either by investors or on their bottom lines. In fact, they’ve been rewarded with rising stock prices.

  2. Project completed or shit canned? Layoff some people. New project? Hire some new people. Cost cutting? It’s continuous.

  3. Unemployment tends to go up as inflation goes down. This is because A. fewer investments can make their money back in the face the interest rate returns from loans, and B. inflation by definition means there’s less money circulating and so less liquidity to pay people.

    Middle class jobs hit the chopping block because tech is in inherently risky and tech workers command a much higher salary than service workers.

  4. Investors wanted growth so tech hired anyone with a pulse. With interest rates higher and free money being no longer available, investors want operational efficiency. This has everything to do with appeasing investors. For whatever reason, the media does not want to say that out loud that the CEOs are really weak and are over hiring because they’re too reactionary. They definitely don’t earn the pay check when the swings are this wide, and they’re missing by this much. They can’t control the narrative. At the same time, it’s time for a major investor reform bill. We really need to end micro second transactions, and stop politicians from insider trading. It’s time to slow it down, make investing boring again. People’s retirement is tied up in investments. It really shouldn’t be abused and manipulated the way it is.

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