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What's with all the tech layoffs? (infosec.pub)

submitted 9 months ago by HanDman@infosec.pub to c/asklemmy@lemmy.ml

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Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?

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[-] InternetUser2012@midwest.social 9 points 9 months ago

It's Q1. Companies always push hard for Q1 profits above all else. There's usually hiring freezes and cuts to maximize profits, come Q2, they'll hire a bunch of people and the cycle will continue.

this post was submitted on 25 Jan 2024

330 points (97.1% liked)

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