this post was submitted on 25 Feb 2024
118 points (100.0% liked)

Technology

70140 readers
2368 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

Why widespread tech layoffs keep happening despite a strong U.S. economy::The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 16 points 1 year ago* (last edited 1 year ago) (2 children)

You've been brainwashed if you think the economy is actually bad. Let me guess, you think we would be having a great economy under the orange mussolini?

All metrics agree that we are doing fairly well economically speaking. The tech layoffs have nothing to do with the economy, it's 100% corporate greed and the games they play. They staffed up with cheap loans when interest rates were stupid low and paid themselves insane bonuses and now that interest rates are high again it's time to cut back on expenses.

For the record. The metrics I'm talking about DO NOT INCLUDE the stock market. While tech is seeing major layoffs, the rest of the economy is hiring like crazy. My wife's company for one is planning on doubling her team over the next year and just hired 2 more people, 1 to replace someone moving internally and a new position.

[–] [email protected] 2 points 1 year ago

What about the record homelessness?