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What's with all the tech layoffs? (infosec.pub)

submitted 9 months ago by HanDman@infosec.pub to c/asklemmy@lemmy.ml

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Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?

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[-] Honytawk@lemmy.zip 33 points 9 months ago

Many people got hired during Covid.

Grow isn't as expected, so now they are firing again.

But on the bright side, most of those companies still employ more people than pre-covid.

[-] Potatos_are_not_friends@lemmy.world 4 points 9 months ago

A company hiring 19000 people isn't going to get as many clicks as a company firing 1900 people.

this post was submitted on 25 Jan 2024

330 points (97.1% liked)

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