cyrano@piefed.social to Technology@lemmy.worldEnglish · 9 hours agoU.S. Tech Layoffs Hit Two-Decade High in Octoberthefivepost.comexternal-linkmessage-square39fedilinkarrow-up1325arrow-down11file-textcross-posted to: hackernewsusa@midwest.social
arrow-up1324arrow-down1external-linkU.S. Tech Layoffs Hit Two-Decade High in Octoberthefivepost.comcyrano@piefed.social to Technology@lemmy.worldEnglish · 9 hours agomessage-square39fedilinkfile-textcross-posted to: hackernewsusa@midwest.social
minus-squareEm Adespoton@lemmy.calinkfedilinkEnglisharrow-up7·4 hours agoThe layoffs are usually due to a race to meet quarterly projections; when the projections slip, the fastest way to match them again is layoffs. And for companies to keep their stock prices up, quarterly numbers have to keep climbing.
The layoffs are usually due to a race to meet quarterly projections; when the projections slip, the fastest way to match them again is layoffs. And for companies to keep their stock prices up, quarterly numbers have to keep climbing.