It’s been a total shit show for quite some time now…
Comment on Microsoft laying off about 6,000 people, or 3% of its workforce
PattyMcB@lemmy.world 2 months ago
The tech industry is about to become a total shit show. Mark my words
picandocodigo@lemmy.world 2 months ago
tal@lemmy.today 2 months ago
The article says that they outperformed expectations, and that they’d decided that they didn’t need some layers of management. I don’t think that that’s intrinsically crazy; there are tech companies that have emphasized having a relatively flat structure, like Google.
Ledericas@lemm.ee 2 months ago
its been bad since it started in 2023.
Ghostalmedia@lemmy.world 2 months ago
About to? It’s been brutal for the past 3 years.
FreedomAdvocate@lemmy.net.au 2 months ago
Yeah but mainly because of how insanely good it was for the 3 years before that. Covid pumped insane amounts of money into tech, which in turn lead to hiring WAY more people than were actually needed. This is just the correction of that, getting back to sustainable levels.
Wooki@lemmy.world 2 months ago
No, this is a correction after the CEO made very poor investments into an LLM company run by a crypto grifter
FreedomAdvocate@lemmy.net.au 2 months ago
Are you sure about that?
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morrowind@lemmy.ml 2 months ago
That correction ended two years ago. This is larger and longer.
There’s interest rates, section 174, AI, and heaven knows what else.