this post was submitted on 04 Feb 2024
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241
The U.S. economy is booming. So why are tech companies laying off workers? (www.washingtonpost.com)
submitted 9 months ago by [email protected] to c/[email protected]
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The U.S. economy is booming. So why are tech companies laying off workers?::undefined

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[–] [email protected] 72 points 9 months ago (2 children)

Laying people off is a way to juice the stock price in the short term. So perhaps the "economy is booming" because of the layoffs?

[–] [email protected] 7 points 9 months ago* (last edited 9 months ago)

Absolutely, layoffs are exactly why some tech companies can boast of record profits.

[–] [email protected] 2 points 9 months ago

The stock market isn’t the economy.