Why widespread tech layoffs keep happening despite a strong U.S. economy::The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.
Why widespread tech layoffs keep happening despite a strong U.S. economy::The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.
If they can’t even admit that the economy is BAD, I don’t feel the need to entertain their other opinions.
You’ve been brainwashed if you think the economy is actually bad. Let me guess, you think we would be having a great economy under the orange mussolini?
All metrics agree that we are doing fairly well economically speaking. The tech layoffs have nothing to do with the economy, it’s 100% corporate greed and the games they play. They staffed up with cheap loans when interest rates were stupid low and paid themselves insane bonuses and now that interest rates are high again it’s time to cut back on expenses.
For the record. The metrics I’m talking about DO NOT INCLUDE the stock market. While tech is seeing major layoffs, the rest of the economy is hiring like crazy. My wife’s company for one is planning on doubling her team over the next year and just hired 2 more people, 1 to replace someone moving internally and a new position.
What about the record homelessness?
The economy looks to be good, but the tech sector isn’t the economy. We’re at the popping of another tech bubble as recently developed product lines aren’t generating the returns that were expected of them. Outside of AI, there isn’t a reason to invest in tech, so why people to develop in tech?
What looks good about the economy, out of curiosity.
Unemployment is still low. The stock market is still high. Inflation is down to below historic averages.
The raw numbers look good. And if you want to complain about inequality, unions have been winning major concessions in a lot of their contracts recently, so wages have been going up as well.
It’s fascinating, how the media tries to prop up their “side” despite the obvious reality.
Fox News praising Trump during COVID (which he absolutely blundered), and now the left media saying we have a great economy when me and all my friends are slow at work. So slow it’s concerning.
I really hope you are being facetious here.
The economy is booming. Your slow at work because it’s winter/spring when everything slows down. I drive for a living and can tell you that from what I see, people definitely look like they feel more flush and everywhere is hiring. Not all companies have upped their starting pay to bring in the real talent but some have and those are the companies who will flourish longer term.
I’ll bet you also think that global warming isn’t real because you saw snow and felt cold this winter.
I also drive for a living, and boy is it slow out there.
And ohhhh, you think I’m a solipsist because I used personal experience to back up my claims. Cool.
That’s what’s going on in reality, though. Try touching some grass rather than believing what you see on a screen.
What do you drive?
Semi truck for a company known for something else. Private fleet.
And honestly? I’m tired of being gaslit by both sides. Fuck you all.