Google, Amazon, Microsoft and a raft of others fired thousands of workers in January, continuing a layoff wave that began in 2022.

The U.S. economy is booming. So why are tech companies laying off workers?::undefined

  • kingthrillgore@lemmy.mlEnglish
    261·
    9 months ago
    • Companies value short term gains not long term projects
    • COVID overhiring
    • Salaries are too high for peons, they are trying to readjust
    • Market is spooked due to the interest rates and SVB collapse
    • New product offerings are not exciting consumers
    • The belief AI developments can offer performance improvments
    • The belief AI developments can weather regulatory scrutiny