116
LinkedIn is laying off nearly 700 employees
(www.npr.org)
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 17 Oct 2023
116 points (93.9% liked)
Technology
34987 readers
196 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
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.