Technology

59148 readers

2703 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

[email protected]

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]

99 comments fedilink hide all child comments

The U.S. economy is booming. So why are tech companies laying off workers?::undefined

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

[–] [email protected] 24 points 9 months ago

            
              Companies value short term gains not long term projects
COVID overhiring
Salaries are too high for peons, they are trying to readjust
Market is spooked due to the interest rates and SVB collapse
New product offerings are not exciting consumers
The belief AI developments can offer performance improvments
The belief AI developments can weather regulatory scrutiny