- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
The U.S. economy is booming. So why are tech companies laying off workers?::undefined
The U.S. economy is booming. So why are tech companies laying off workers?::undefined
Laying people off is a way to juice the stock price in the short term. So perhaps the “economy is booming” because of the layoffs?
Absolutely, layoffs are exactly why some tech companies can boast of record profits.
The stock market isn’t the economy.