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LinkedIn is laying off nearly 700 employees
(www.npr.org)
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this post was submitted on 17 Oct 2023
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Technology
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A lot of these large over employed places don't hire for the extra Labor. They hire because it's a way to prevent competition. Why would an employee leave to join a competitor or create a competing start up company if he's being paid well to do next to nothing?
The only problem is that's only financially viable when interest rates are low and investors are willing to give out cash like it's candy.