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Why Are Tech Companies Laying Off So Many Workers?
- m348e912 4y agoTLDR; because they hired so many during the pandemic and are afraid they are overstaffed as the economy dives deeper into recession.
- sarcasmatwork 4y agoLook at what was just passed months ago, the Chips Act, now ask why companies like Intel get to keep the billions they were given. Two article may shed some light. https://www.washingtonexaminer.com/policy/technology/intel-lay-off-thousands-cut-costs https://www.washingtonexaminer.com/policy/technology/intel-l... https://time.com/6222411/intel-layoffs-chips-act/ https://time.com/6222411/intel-layoffs-chips-act/
- JumpCrisscross 4y ago> why companies like Intel get to keep the billions they were given Intel wasn’t given billions. It got capital expenditure incentives. It makes sense to lay off in one group while you focus on a less labor-intensive one.