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
Monkey see, monkey do
as much as everyone loves to say there is a grand plan most of the time it’s someone starts the ball rolling in one direction and then the BOD starts saying ,’ why aren’t we doing that too?’
The mega corps have kind of tapped out on the innovation mostly by buying up the emerging competitors in mobile technology and social media so now they are consolidating.
Good thing is that usually spurs people to start up new projects on their own since big companies aren’t hiring which then leads to more jobs. Bad news is that it sucks for a long time waiting for that to happen and without easy access to money it makes it very hard
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