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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Big tech is thriving despite the layoffs::undefined

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[–] JoMomma@lemm.ee 47 points 9 months ago (1 children)

They are "thriving" because of layoffs, there is no more direct path to increase profits than to stop paying employees

[–] 1984@lemmy.today 3 points 9 months ago* (last edited 9 months ago)

Yeah the headline doesn't make sense. They pay less salaries, how is that a bad thing for profits... :)

They hired too many people when money was cheap. Now they get rid of some of them. It's still just like a few percent of the total work force.