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Great comment, spot on. Incentives drive behavior. This explains it correctly and cogently.

• unmole 4y ago
  What impact does an individual company have on unemployment figures? If the only point of layoffs was increasing unemployment, what incentive does an individual company have for laying off employees?
  • freetinker 4y ago
    It wasn’t just one individual company in this case, but a seemingly coordinated cabal like industry-wide action. Strength in numbers. A “corporate union” action if you will. All highly profitable companies sitting on mountains of cash. The layoffs were an exercise in capital asserting dominance over labor and financial engineering.
    • unmole 4y ago
      Again, all the tech layoffs ammount to a drop in the bucket in terms of overall jobs. Rapacious capitalists acting in the interest of their class to their own detriment is certainly a take.