4 ms·
Maybe the answer is that no one is trying to "keep tabs on worker power" and the decision is primarily driven by financial reasons? Cheap money had to be spent
by alonsonic 4y ago
Maybe the answer is that no one is trying to "keep tabs on worker power" and the decision is primarily driven by financial reasons?
Cheap money had to be spent in an inflationary economy, money is more expensive now with higher rates and thus companies that ramped up spending too fast need to cut costs.
Apple did not hire as many people during the pandemic so they don't have as much pressure.
- roncesvalles 4y agoI never really understood the cheap money argument. Big tech doesn't need to take on debt to expand, so why would it matter what the interest rate is? I also don't understand the notion of "overhiring". Tech doesn't just hire people without having anything lined up for them to do. At least not en masse.