L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 11 months agoThe U.S. economy is booming. So why are tech companies laying off workers?www.washingtonpost.comexternal-linkmessage-square100fedilinkarrow-up1262arrow-down121file-textcross-posted to: [email protected]
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 · 11 months agomessage-square100fedilinkfile-textcross-posted to: [email protected]
minus-squareVubDapple@lemmy.worldlinkfedilinkEnglisharrow-up75arrow-down3·11 months 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-211 months agoAbsolutely, layoffs are exactly why some tech companies can boast of record profits.
minus-squarescarabic@lemmy.worldlinkfedilinkEnglisharrow-up2·11 months 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.