# I am the Watcher. I am your guide through this vast new twtiverse.
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What's with all these tech companies going through massive layoffs. The latest one is Intel, but instead they're cutting salaries to avoid laying off.
What's with all these tech companies going through massive layoffs. The latest one is Intel, but instead they're cutting salaries to avoid laying off.
What's with all these tech companies going through massive layoffs. The latest one is Intel, but instead they're cutting salaries to avoid laying off.
What's with all these tech companies going through massive layoffs. The latest one is Intel, but instead they're cutting salaries to avoid laying off.
Business pushing for recession. They all over hired during the pandemic to meet higher traffic levels and now those levels are dropping back to normal. absolutely bad resource planning all around.
Business pushing for recession. They all over hired during the pandemic to meet higher traffic levels and now those levels are dropping back to normal. absolutely bad resource planning all around.
probably some now that the free COVID loans that required staffing numbers are over the staffing is no longer needed.
probably some now that the free COVID loans that required staffing numbers are over the staffing is no longer needed.
@prologic "outsourcing" and "restructuring" are the hot new corpo buzzwords these days. The shirt economy and endless inflation we find ourselves in, probably isn't helping it either.
@prologic the billionaire class is letting software developers know that they are no longer a privileged hire. soon they will hire back a bunch of software developers but at lower pay and with much reduced benefits. The ongoing class war has finally reached devs.
That's my read anyway.
Hmmm interesting view points 🤔
Hmmm interesting view points 🤔
Hmmm interesting view points 🤔
Hmmm interesting view points 🤔
@prologic listen to this: https://www.techwontsave.us/episode/146_tech_billionaires_are_coming_for_workers_w_wendy_liu
I really like this podcast. Even though I dont always agree with the host, they bring on knowledgeable people.The technical press is so bad, just a bunch of fawning sycophants who regurgitate press releases and hype, so listening to critical voices is crucial to forming a more balanced opinion.
Also, I think generally speaking the wealthy class is "cashing out" so to speak. They're pulling in record profits but laying people off and raising interest rates? Economically that doesn't make sense. There must be sone other reason they're doing all this, and one of the more plausible explanations is the wealthy class is trying to "put down" efforts by the working class to gain power. COVID, the tight labor market, and the successful unionization efforts lately are scaring the shit out of them.