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Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that? (www.npr.org)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] Adramis@lemmy.world 118 points 9 months ago (4 children)

Could it be...greed?

[–] Potatisen@lemmy.world 34 points 9 months ago

Americans corporations, greedy? No, surely you jest.

[–] 1984 18 points 9 months ago* (last edited 9 months 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.

[–] somethingsnappy@lemmy.world 14 points 9 months 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.

[–] WhyYesZoidberg@lemmy.world 4 points 9 months ago

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

Rinse & repeat

[–] wabafee@lemmy.world 4 points 9 months ago

You don't say