Google, Amazon, Microsoft and a raft of others fired thousands of workers in January, continuing a layoff wave that began in 2022.

The U.S. economy is booming. So why are tech companies laying off workers?::undefined

  • angelsomethingEnglish
    21·
    10 months ago

    The layoffs are precisely why the “economy” is “booming”.

    • Telodzrum@lemmy.worldEnglish
      11·
      10 months ago

      Nah, reducing costs in one relatively small sector doesn’t affect the GDP or other national-level metrics.

    • AtmaJnana@lemmy.worldEnglish
      2·
      10 months ago

      I could see how you might think that if you’re really bad at math and clueless about how our economy works. Unemployment is only 3.7 percent, nationally.