277
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 10 Jan 2024
277 points (94.2% liked)
Technology
59436 readers
1572 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
I was laid off last year. Got a job after a while and just survived another layoff today. I agree with this assessment.
It’s all post-pandemic stuff. Executives thought growth would continue, and it didn’t. Then they had to take account for their decisions and make others suffer for them.
That's the funny thing. Common sense says things go back to a sense of normal. Executives lack common sense or foresight.
Normality. That would be nice. Where the rich and powerful… (checks history books)… use their riches and power to get more riches and power.
In all honesty, yes, things will go back to normal. Layoffs shouldn’t be as common in the future, it’s just still post-pandemic stuff we have to get through. Executives will always be cold, but hopefully they won’t expect massive growth in the future and then not get it.
Its not even about the growth, publicly traded companies do layoffs because it makes the stock price go up.
You should be worried when small and midsized comapanies do layoffs that are not publicly traded