Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?::undefined

    • 1984English
      191·
      10 months ago

      "Helping their stock prices so there is no reason to stop ".

      No reason to stop… :)

      If you are the kind of person that thinks collecting money is the reason we exists here, I guess it’s hard to see a reason to stop. Lols.

    • somethingsnappy@lemmy.worldEnglish
      14·
      10 months ago

      Q1 profits. It happens to some extent every year between Thanksgiving and early February. It helps the books for Q1. 1rst earnings calls of the year mean more than they should.