4 ms·
let's just simplify this so the next few years aren't too hard to figure out why are tech companies laying people off? because they can
by imwithstoopid 4y ago
let's just simplify this so the next few years aren't too hard to figure out
why are tech companies laying people off?
because they can
- rnk 4y agoAnd because many of them see less sales, and they want to stay profitable. That's the obvious reason. Yeah some of them are just following the herd but some companies see less spending.
- mym1990 4y agoStay profitable? Most of them can’t even get profitable.
- throwawayccp1 4y agoYea they who die in the process sadly
- gruez 4y agoThis is a technically correct explanation but doesn't tell us anything. Obviously they did it because they can, otherwise they wouldn't have done it by definition. But why did they do it? Why did they go from "can't" in the years leading up to it to "can" a year or so ago?
- imwithstoopid 4y agomy point was that the layoff rationalization posts on HN are irrelevant a company can grow profits by moving the top line up or the bottom line down if they can't move the top line up, they will move the bottom line down
- deathanatos 4y agoBecause they've been gripped by a collective monkey-see, monkey-do type insanity of valuing the short-term savings of not having to pay those laid off over the much larger long-term opportunity cost of the work those people would have done. The entirety of this "current economic reality" is a self-fulfilling prophecy from those using those words to self-justify their actions.