Technology

59424 readers

3226 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

519

Despite Booming Economy And Record Profits Google, Amazon, Microsoft And More Lay Off Over 42,000 So Far In 2024 (finance.yahoo.com)

submitted 8 months ago by L4s to c/technology

28 comments fedilink hide all child comments

Despite Booming Economy And Record Profits Google, Amazon, Microsoft And More Lay Off Over 42,000 So Far In 2024::Despite a booming U.S. economy and significant advancements in the tech sector, including a robust performance by companies like Nvidia Corp. and a thriving artificial intelligence (AI) industry, tech companies have continued to lay off workers at an alarming rate in 2024. The tech-heavy Nasdaq index has shown an impressive uptick and the U.S. economy added 353,000 jobs in January, outpacing economists’ forecasts. However, this overall economic strength masks a wave of layoffs in the tech sector

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 101 points 8 months ago (2 children)

I sure am glad we get these large corporations so much in the way of legislation, relaxed regulation, and financial incentives. Surely these will guarantee loads of FUTURE hiring when it will all start trickling down.

Right? Right?

[–] foggy 13 points 8 months ago

For trickle-down economics to work, there would need to be a tax structure in place that ratio'd your businesses net worth to your number of employees. And then have tiers. And at a certain tier, you're just 99% taxed. This way when the robots take over, it generates wealth for the masses instead of the few.

..until lobbyists play the "robots count as employees" card. Which inevitably leads to wealthy individuals propping up a robot to run for president. Which is how you get skynet.

Ok I'm gonna go make coffee.

[–] danc4498 9 points 8 months ago

Thank god we gave a massive corporate tax cut. This way they have more money to pay their employees