ZeroNine2048
ZeroNine2048 t1_j5y963i wrote
Reply to comment by CooksAndLives in IBM Cuts 3,900 Jobs In Latest Tech Layoffs by itsonlyeva
It seems to be only the case for the companies who really inflated their employee numbers during corona and expected the growth to keep going at the same speed. So there are some reasons that can be pointed out. But not for all of them. Facebook and Google for example indeed have less revenue from their ad businesses etc. But for some companies including microsoft it has been put into question.
In the EU economics state that we just slightly avoid recession, even with the energy crisis going on.
ZeroNine2048 t1_j5y89pl wrote
Reply to IBM Cuts 3,900 Jobs In Latest Tech Layoffs by itsonlyeva
The big problem with this is that it becomes a self fulfilling prophecy, they state it is because of recession risks, but by laying of employees they literally cause unrest within society that causes consumers to not spend with the thought that they might get laid off.
ZeroNine2048 t1_j9y0hbp wrote
Reply to comment by gatorling in Google asks workers to share desks amid mass layoffs by ravik_reddit_007
The article states that they have to come in a couple of days a week and alternate