this post was submitted on 13 Jan 2024
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Interesting. Tell that to everyone that's been laid off the past six months.
What has that to do with this argument? The lay-offs in the last six months were mostly due to massive overhiring while money lending was cheap. Now interest rates are up and those companies are trying to keep their profits up (or become profitable in the first place).
And the thing is: They hired so many people, even with the lay-offs the headcount is still higher than it was a few years ago.
So what you're saying is they laid off people when they didn't need them.