Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?
this post was submitted on 25 Jan 2024
329 points (97.1% liked)
Asklemmy
44152 readers
797 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Overinvestment and strong labor demand led to very high salaries. Investors hate high salaries. Firing people they can replace at a discount now that supply is increasing
It's this.
With inflation, everyone deserves a higher salary. And programmers are able to command it.
CEOs hate this, so they're playing chicken.
They'll all get fired and pull their golden parachute in the next three years, when the shit hits the fan because they decided they could get by without XYZ critical skill.
Then they'll go to the next place and evangelize about how "you've got to invest in talent".
And soon they'll be surprised the employees are less and less loyal and blame it on the new generations.