What is the real reason behind the scenes, Why so many Companies are doing layoffs?
Is there a big shift coming? Maybe we don't know the real reason! AI? #layoffs #google #facebook #meta #apple #tesla #spotify #microsoft #amazon #informatica #bytedance #vmware #viasat #qualcomm #epicgames #cisco #zebratechnologies #twitter #snapchat #openai
Economics. Higher unemployment, less demand, lower inflation, rates then go lower.
Typically what happens when you send a kid shopping with your credit card.
The economy excuse is just an excuse
Blame Elon, he showed them you can maintain a built product with a skeleton crew. Why does Spotify need to keep that many people on payroll when they're not innovating at this point as there's nowhere for them to grow? They're just keeping the lights on. Spotify peeps should use their knowledge and build a competitor, I think there's still room in the music streaming space for another player.
Agreed
Mass layoffs were happening before Elon took over Twitter
Moving HC to 🇮🇳🇮🇳🇮🇳🇮🇳
Cost of capital is too high now. Tech industry is particularly sensitive to this. Aside from that, prepping for economic uncertainty, as if Covid was not enough, major global conflicts do not help. AI will have some short / mid term effects too. But at the moment it’s not the main factor. It might be influencing mid term planning decisions though.
See the rates, fed made a uturn, USD supply is unreliable.
I remember fed printed 850 billion in 2008 in once a lifetime crisis . Now they print 1-2 trillion every now and then USD loosing value and common people purchasing Power going down . Most struggling to pay rent forget buying subscriptions
Greedy Investors for sure.
Partly Covid where companies expanded their engineering resources like there are no consequences.
Money. Money. Money