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.
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.