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Tech Layoffs: US Companies With Job Cuts In 2022 and 2023.
(news.crunchbase.com)
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this post was submitted on 05 Jul 2023
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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.