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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[–] podperson@lemm.ee 8 points 9 months ago

It’s pretty clear to me that many companies are jumping on the layoff bandwagon right now since so many others are doing it too (doesn’t look as bad if your layoffs are drowned out in the noise). Easy way to increase profitability (on paper) and not look quite as bad if “everyone else is doing it.”