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this post was submitted on 29 Oct 2023
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American corporatism is truly mindboggling.
How can someone be a CEO when he cannot think a 9 month ahead? Also nobody can tell me that this is economic in the slightest.
It's either a scummy way to reset the pay ladder or true stupidity. Maybe both.
I'm reminded of an article that explains this bout of layoffs as more of a trend than anything else:
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
"Hey Beni! Looks like you're on the wrong side of the labor market!"