Submitted by diacewrb t3_10p4yk1 in technology
Digital_Simian t1_j6l0ptq wrote
Reply to comment by Heres_your_sign in How Big Tech is using mass layoffs to bring workers to heel by diacewrb
It's about capital allocation and using record profits to make leveraged corporate buybacks while there's a volatile market. Now interest rates are up and bills are due.
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