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Mark Zuckerberg explains why so many tech companies are doing layoffs right now
(www.businessinsider.com)
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this post was submitted on 17 Feb 2024
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I have an even more cynical take, in that the layoffs are the one lever that they have to try and get the interest rates to go back down so they can get free money again.
Flood the economy with people who can't afford stuff to get consumer spending down and then rates can lower again.