The U.S. economy is booming. So why are tech companies laying off workers?::undefined
kingthrillgore@lemmy.mlEnglish261·7 months ago- Companies value short term gains not long term projects
- COVID overhiring
- Salaries are too high for peons, they are trying to readjust
- Market is spooked due to the interest rates and SVB collapse
- New product offerings are not exciting consumers
- The belief AI developments can offer performance improvments
- The belief AI developments can weather regulatory scrutiny