Why so many tech layoffs? 5 key reasons. #technology #tech #fyp #jakewhittenberg

[irandude]

Everyone is laying off and also hiring … with half the salary. Google is getting rid of their $250k Engineers and hiring $100k new comers.

[CareersCompared]

Zoom CEO Takes A Pay Cut After Laying Off 1, 300 Employees And Sends Stock Price Soaring—Earning Him More Money

[INFJparadox]

5 reasons? No, just one--GREED. Protect the shareholders! They make millions! Remember, profit before people. It's the American way.

[SAMMICCHES]

AI will eventually replace every worker of these tech companies

[justme-]

Corporate America greed.. that's why

[GaryMatthew-cd]

Profits before people, supply side economics, if you don't like it vote blue...

[mrsheabutter]

Positioning AI. And Wallstreet Profits

[PandaMan]

they way over hired during the pandemic, there were plenty of videos on social media talking about their daily routines in extravagant food bars and screwing around most of the day.

[kmcg]

#3 "Protect the shareholder" vs company loyalty to loyal employees. Sick

[pamallinder]

Its so true, seattle copies each other

[rachelabate]

Is that 12k from Seattle only, or other cities as well?

[TrekPanda]

It was mostly middle management and jobs that were done by 2 or 3 people that should be done by 1. (I'm in the industry and didn't lose my job)

[mossbogger]

economy is switching to wartime, consumer software engineers are being poached by defense contractors

[JankAt]

Ai took der jorb! Don't have to pat 401k match, holidays, sick days, vacation etc.. like duh

[workaholicindividual-flhs]

Good evening,
There is a problem with your technology on the phone I did some report about an incident on the phone but for some reason it keeps going on and on please fix the issue I'm from America thank you..

[terrieterblans]

Come get sum!! Learn to code like slow Joe

[haroldhermann]

Tech Companies that see +20% growth YoY will survive, the rest will be in pain.

[zcvxs]

Remote workers refused to show up and yes, way too many employees that r not worth paying

[johnhonker]

Because lots of those employees were lazy and unproductive. I've seen the videos... They wander around for 6 hours and do 30 min of work. BYE!

[trailerhaul]

Boom and loom. Just part a the cycle. You all are talking too serious man. Why is this cycle worse than those before? Looking at how much money was “printed” during COVID. As well as “easy money” period a decade before COVID