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

submitted 10 months ago by HanDman@infosec.pub to c/asklemmy@lemmy.ml

140 comments fedilink hide all child comments

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?

(page 2) 50 comments

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[–] Omega_Haxors@lemmy.ml 8 points 10 months ago* (last edited 10 months ago) (3 children)

It starts with C and ends with M and bringing it up will get the white tyrants crying to the pinkertons.

EDIT: DAMN IT ITS NOT CUM.

[–] conditional_soup@lemm.ee 8 points 10 months ago

I can't believe it's not cum

[–] janabuggs@beehaw.org 7 points 10 months ago (6 children)

Lol ok I'm sorry, is it cum?

[–] peter@feddit.uk 4 points 10 months ago

White tyrants is what I call cum too

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[–] Illuminostro@lemmy.world 7 points 10 months ago

Maximizing shareholder's profits, as St. Friedman commanded.

[–] averyminya@beehaw.org 5 points 10 months ago (1 children)

It's an election year in the midst of an onsetting recession, so shareholders want to consolidate. I think on top of that models are being sold as something that can replace certain task forces - normally there would be rehires, and there still will be but I think it will be after its seen that they aren't ideal replacements.

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[–] cosmicrookie@lemmy.world 3 points 10 months ago

https://www.cbsnews.com/news/tech-layoffs-artificial-intelligence-ai-chatgpt/

[–] Lunar@lemmy.wtf 3 points 10 months ago

Consolidations, changing business direction, lack of funds and projects, etc.

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