this post was submitted on 14 Jan 2024
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Layoff season (lemy.lol)
submitted 11 months ago* (last edited 11 months ago) by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works
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[–] sugar_in_your_tea@sh.itjust.works 41 points 11 months ago

End of fiscal year, companies will sometimes do a round of layoffs to juice reports (e.g. lower ongoing costs expected for the next year). Some industries also ditch older (read: more highly paid) employees for a new batch of interns to keep average salaries down.