Technology

59219 readers

3230 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

255

Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that? (www.npr.org)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

52 comments fedilink hide all child comments

Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?::undefined

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

[–] Adramis@lemmy.world 118 points 9 months ago (4 children)

Could it be...greed?

[–] Potatisen@lemmy.world 34 points 9 months ago

Americans corporations, greedy? No, surely you jest.

[–] 1984@lemmy.today 18 points 9 months ago* (last edited 9 months ago)

"Helping their stock prices so there is no reason to stop ".

No reason to stop... :)

If you are the kind of person that thinks collecting money is the reason we exists here, I guess it's hard to see a reason to stop. Lols.

[–] somethingsnappy@lemmy.world 14 points 9 months ago (1 children)

Q1 profits. It happens to some extent every year between Thanksgiving and early February. It helps the books for Q1. 1rst earnings calls of the year mean more than they should.

[–] WhyYesZoidberg@lemmy.world 4 points 9 months ago

And when everyone is doing it it’s much easier to do..

Rinse & repeat

[–] wabafee@lemmy.world 4 points 9 months ago

You don't say