this post was submitted on 29 Jan 2024
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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 L4s@lemmy.world to c/technology@lemmy.world
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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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[โ€“] kandoh@reddthat.com 72 points 9 months ago (1 children)

Aggressive targets weren't hit so the c levels are harvesting skulls to unlock their full bonuses.

[โ€“] scytale@lemm.ee 24 points 9 months ago

Which is kinda ironic because all those targets are commitments between the C-levels and the board/shareholders. So if the C-levels can't meet their commitments, then they should be the first ones fired.