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Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that? (www.npr.org)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?::undefined

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[-] flamingo_pinyata@sopuli.xyz 9 points 11 months ago

There was also a certain level of "denial of talent" competition among the tech giants. Hire any vaguely competent people event if practically useless so the competition doesn't get them. It works only if you have infinite money (as in 0 interest rates) which is not the case any more.

this post was submitted on 29 Jan 2024

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