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re: WSJ: Tech Layoffs Just Keep Coming - Microsoft, Snap, Zoom, Google, Amazon, eBay, etc.

Posted on 2/7/24 at 11:59 am to
Posted by ronricks
Member since Mar 2021
7103 posts
Posted on 2/7/24 at 11:59 am to
quote:

These tech companies are so bloated with useless positions, axing them is a great thing.


All of these companies over hired during Covid. This is the third and likely last round of cuts to streamline. They will all over hire again eventually and repeat this process over and over. Its how they drive up valuations. In Tech layoffs never really end. Its just a revolving door. Some get rehired and then let go again.
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