L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 2 years agoThe U.S. economy is booming. So why are tech companies laying off workers?www.washingtonpost.comexternal-linkmessage-square100linkfedilinkarrow-up1262arrow-down121file-text
arrow-up1241arrow-down1external-linkThe U.S. economy is booming. So why are tech companies laying off workers?www.washingtonpost.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 2 years agomessage-square100linkfedilinkfile-text
minus-squareVubDapple@lemmy.worldlinkfedilinkEnglisharrow-up75arrow-down3·2 years agoLaying people off is a way to juice the stock price in the short term. So perhaps the “economy is booming” because of the layoffs?
minus-squaredustyData@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down2·edit-22 years agoAbsolutely, layoffs are exactly why some tech companies can boast of record profits.
minus-squarescarabic@lemmy.worldlinkfedilinkEnglisharrow-up2·2 years agoThe stock market isn’t the economy.
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.