254
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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

you are viewing a single comment's thread
view the rest of the comments
[-] bitwaba@lemmy.world 2 points 11 months ago

It won't.

It will have indirect impact. The question is how much.

If the entire economy is down, people have less disposable income. The big income areas in tech are advertising, goods sales, monthly streaming services, and cloud compute.

Less disposable income = less people buying things they're advertised, less people buying shit they don't need off Amazon, less people keeping their Prime, Netflix, YouTube Premium, Spotify, or Disney+ accounts active, and less cloud compute resources needed to drive e-commerce websites.

this post was submitted on 29 Jan 2024
254 points (98.1% liked)

Technology

60108 readers
2151 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS