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Maybe if the metrics say the economy is booming but nobody can afford anything, and we keep losing well paying jobs for slightly more lower paying jobs, maybe we need to reconsider how we're defining 'the economy.'

But maybe the capitalists who own news sources already know that.

You can only cut away so much before you hit bone. A company cannot be all profit and nothing else. But none of these investors care cause they get theirs.

Lol the economy.

When the economy is bad, we suffer and prices go up. When the economy is good, we suffer and prices go up.

Why should any of us give a single shit about the state of the economy when it only benefits the 1%

It's called the rule of 40, and it's the metric that has tech executives acting like bipolar Chihuahuas. Grow, cut, expand, right-size, cross the chasm, reorg, polish the turd and cover the smell. If a tech company doesn't hit their rule of 40, their stock suffers. If they do, the stock soars.

% growth year over year + % profit margin should be greater than 40. 20% growth and 20% profit margin, or 0% growth and 40% profit margin, it doesn't make a difference.

That means if you have a 15% profit margin, your target growth is 25%. But if you only grow, say, 20%, you must make that 5% back by cutting COGS. Companies trying to grow will hire staff to build up sales and get more done. If the growth doesn't hit its target, those new hires are probably cheaper than the experienced people. Time for layoffs and outsourcing the veterans.

Tech engineers need to unionize. Many probably feel guilty of even considering such things because the salaries are insane compared to other jobs, but it doesn't matter. Being treated like shit is being treated like shit regardless of how much money you make.

The psychological abuse tech companies regularly push on engineers is unhealthy, and then the constant layoffs that literally play games with peoples' lives just to make a family of yachts a little happier. It's disgusting. Sad thing is, some tech workers may not even notice how far down the well they've traveled with the constant pressure the companies try to apply to their staff.

The constant goals of annual tech releases and huge profit gains were never sustainable. Tech bros think they're being so "disruptive" but they're just playing a grift with lipstick on at the expense of thousands upon thousands of lives that shouldn't be as stressful as they are. All while creating mountains of ewaste to help push the planet towards being uninhabitable.

Publicly traded companies are like a monkey with a gun. The gun has been going off a lot lately.

Don't work for a publicly traded company. They're not interested in you. If you want to "climb the corporate ladder", sure. Go for it. Live that hell, baby.

I wonder if any of this is punitive for push-back on RTO or union efforts.

executives mostly blamed on “over-hiring” during the pandemic and high interest rates making it harder to invest in new business ventures

Don't know why we need a whole article for this obvious answer.

firing your workers makes the green line go up

I don't remember if it was Apple or Microsoft who started it, but the strategy is to hire more than you need and then fire the bottom performers = those who don't suck enough corporate dick.

It's a sign that these companies are too big.

Microsoft has about a quarter million employees.... doing what? They have about 12 products. All of which have open source alternatives done by .. 500-1000 people? Yes, sure they operate world wide and services are definitely needed both internally and externally, but come on, it seems kind of excessive doesn't it?