this post was submitted on 28 Jan 2024
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Big tech is thriving despite the layoffs (www.axios.com)
submitted 9 months ago by L4s to c/technology
19 comments fedilink hide all child comments
 

Big tech is thriving despite the layoffs::undefined

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[โ€“] [email protected] 47 points 9 months ago (1 children)

They are "thriving" because of layoffs, there is no more direct path to increase profits than to stop paying employees

[โ€“] [email protected] 3 points 9 months ago* (last edited 9 months ago)

Yeah the headline doesn't make sense. They pay less salaries, how is that a bad thing for profits... :)

They hired too many people when money was cheap. Now they get rid of some of them. It's still just like a few percent of the total work force.