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I don’t see any mass layoffs among manufacturers, commodities producers, and energy companies More like a long overdue correction in tech. Some of these busin
by spaceman_2020 4y ago
I don’t see any mass layoffs among manufacturers, commodities producers, and energy companies
More like a long overdue correction in tech.
Some of these businesses have been around for nearly 15 years and haven’t had a single year of consistent profits. It was about time that markets humbled them.
- WillPostForFood 4y agoThere were huge layoffs in energy throughout 2020 and 2021, and while employment levels have been increasing, they are still far below 2019 levels. The correction has already happened in energy, triggered by COVID shutdowns, so they don't need to happen again now (hopefully).
- gitfan86 4y agoYes, tech businesses built up a lot of unnecessary employees during the boom and didn't want to have layoffs for morale and PR reasons.
- Workaccount2 4y agoTech work went from deathly 60-80hr work weeks, to comfy WFH jobs where you can skate by on 2 hours of work a day.