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They may have all the power, but all of this shows is they have no idea how to wield it. The job market is horribly broken, there are inefficiencies everywhere
by candiddevmike 1y ago
They may have all the power, but all of this shows is they have no idea how to wield it. The job market is horribly broken, there are inefficiencies everywhere, and their hedging/procrastination on what to do with hiring and growth is tanking the economy (and their customers ability to purchase their products).
If their goal is reducing wages through layoffs/attrition and lowballing new hires, they aren't going to get it without triggering a recession or worse.
- UncleOxidant 1y agoCompanies don't care about triggering a recession. They care about profits and stock price (If they're publicly traded).
- heathrow83829 1y agothere's a vast oversupply of labor so employers can take their pick and treat employees however they will. that doesn't mean the job market is broken.