this post was submitted on 04 Feb 2024
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The U.S. economy is booming. So why are tech companies laying off workers? (www.washingtonpost.com)
submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world
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The U.S. economy is booming. So why are tech companies laying off workers?::undefined

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[–] folshost@lemmy.world 3 points 9 months ago

I wonder if it isn't a symptom of things going from high competition environment between new internet services and older stuff like cable to more established systems of revenue which don't have as much incentive to compete for workers or market share. So maybe that's the end result of approaching monopoly.