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Rather, a correction for over hiring during periods of low-interest rates and excessive money printed which promoted & rewarded hiring just to be compretitive
by nxm 1y ago
Rather, a correction for over hiring during periods of low-interest rates and excessive money printed which promoted & rewarded hiring just to be compretitive
- WOTERMEON 1y agoStill. Less jobs on the market
- magicalist 1y ago> correction for over hiring during periods of low-interest rates It's been three years since that though, and five years since covid. That's why we say "AI" now. Just make sure you don't say "executive incompetence".
- whamlastxmas 1y agoI don't think it's incompetence, I think it's planned, merciless strategy. It costs nearly nothing to fire a ton of people, so why not hire a bunch with free money and dump them as soon as the free money disappears
- johnnyanmac 1y agoYeah pretty much. This is just late stage capitalism, and the working class seem to just be shrugging at it instead of what theyr forefathers did in reaction.
- Esophagus4 1y agoPlus, possibly some forward-looking positioning for a future where automation drives leaner companies with fewer employees per dollar of revenue.
- jalapenos 1y agoI mean, may as well just point back to the 2000 tech bubble if we're going to keep nodding our heads at that line