3 ms·
I think this article ignores a lot of realities of the market to reach its conclusion. Many of these companies did record hiring during the pandemic while ther
by jimmyjazz14 4y ago
I think this article ignores a lot of realities of the market to reach its conclusion. Many of these companies did record hiring during the pandemic while there stock values have plummeted and while we may not yet be in a recession its pretty clear one is coming. All these factors have investors worried and the reality is that public companies need to placate investors and layoffs are one tool in that toolbox. Do these companies want to "crush worker power"? Maybe but I don't think these layoffs are due that.
- y-c-o-m-b 4y agoI agree, I don't think this was the intention behind these lay-offs, but I think they will begin to weaponize layoffs like this at some point to curb salary increases and worker power.