I know lay-offs seem to be happening a lot, especially in tech right now, and can happen at any point – but just this month there has been Microsoft, Discord, Twitch, Google and RIOT lay-offs to name a few, and I’m sure many others.
Unless it’s just coincidence, why do these lay-off announcements seem to be like a chain reaction? I’m guessing that there must be economical reasons as to why, such as boosting numbers before a certain reporting season? Or is it just to stay competitive in terms of profit margins?
In: Economics
People speaking to a herd mentality, I doubt it at least within the same month. It takes time to figure out who get laid off and not to mention get all the steps in place to carry out the layoff. If layoffs are happening in a month to a bunch of companies it would have been in the works for much longer.
Latest Answers