The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.

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.

  • rdyoung@lemmy.worldEnglish
    16·
    9 months ago

    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.

      • rdyoung@lemmy.worldEnglish
        5·
        9 months ago

        Oh wow, you really told me.

        The fact that you attacked first tells me that you are actually a trump supporter or possibly worse, you think that Bobby Kennedy or Cornell West would be better in the big chair than Biden.

        I’m never not amazed at the lack of understanding of things like the economy. If all you do is listen to fox and others say how bad the economy is and you don’t stop to analyze it yourself, you only have you to blame for your ignorance.

        Have a nice day now.