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

  • kingthrillgoreEnglish
    21•5 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