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?::undefined

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[–] [email protected] 119 points 1 year ago (4 children)
[–] [email protected] 33 points 1 year ago

Americans corporations, greedy? No, surely you jest.

[–] [email protected] 19 points 1 year ago* (last edited 1 year ago)

"Helping their stock prices so there is no reason to stop ".

No reason to stop... :)

If you are the kind of person that thinks collecting money is the reason we exists here, I guess it's hard to see a reason to stop. Lols.

[–] [email protected] 14 points 1 year ago (1 children)

Q1 profits. It happens to some extent every year between Thanksgiving and early February. It helps the books for Q1. 1rst earnings calls of the year mean more than they should.

[–] [email protected] 4 points 1 year ago

And when everyone is doing it it’s much easier to do..

Rinse & repeat

[–] [email protected] 4 points 1 year ago