Why are so many tech companies laying people off right now?

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All of these statements sound suspiciously similar.

Image: The Verge

I do love a heavily lawyered statement that was clearly written by the public relations department! In fact, these are all so similar that they might as well have come from the same PR person. It kind of seems like tech firms are laying off workers because…Let’s be real, none of these companies are teetering on the edge of bankruptcy — in fact, they were recently.

“Software companies like Microsoft, they should have like $500 million per employee,” Cusumano says. “It could be higher than that, but when it starts to get below that, you start to worry that they’ve got too much headcount. So that’s something people look at on a yearly or even quarterly basis.”

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Pretty much exactly how apocalyptic c19 narrative from the paranoid catastrophians spread out too.

There must be a misquote. Microsoft makes like 900 thousand per employee.

What is this yellow badge sorcery?

“Software companies like Microsoft, they should have like $500 million per employee,” Cusumano says. “It could be higher than that, but when it starts to get below that, you start to worry that they’ve got too much headcount.' lmao wut?

Except, we are in a “growth period”. That’s where the ‘record profits’ came from. Wtf?

Intro to economics

CEO's need to purge their costs so they can afford their new super yachts.... is this news to everyone? Writing has been on the wall for awhile now......

Being laid off this winter has been the scariest time of my life. This is the best article I've read on the subject yet. Thank you for explaining this phenomenon for what it really is.

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