24
Tech Layoffs: US Companies With Job Cuts In 2022 and 2023.
(news.crunchbase.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Jul 2023
24 points (92.9% liked)
Technology
59197 readers
761 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Completely agree but not sure being in a union would stop these layoffs. Tech companies massively overhired during COVID, and many really dropped their standards. So now their revenue is dropping due to consumer demand falling AND they’re stuck with too many employees.
It doesn’t look great obviously but these tech companies expanded way too fast and are paying the price now. Unfortunately so are innocent workers.
I think we can be more certain that they can't afford losing all workers on a strike, then that they can't possibly cut down on CEO's salary and let workers keep the jobs.
Also I think that the very fact that if companies workers are not in a union, they are more likely to make risky decisions, such as these, to expand too fast and risk losing all the works when they go on a strike.