“ In truth, it isn’t likely to be because the companies involved need money”
for executive parachutes no doubt
https://www.forbes.com/sites/bernardmarr/2023/01/30/the-real-reasons-for-big-tech-layoffs-at-google-microsoft-meta-and-amazon/
3 replies (most recent on top)
The truth is, many workers in these companies do not generate the value they are paid to do.
Where will psychology and literature majors go?
Companies realizing that HR is a largely unnecessary function at Engineering companies. Cut the Fluff
“ However, it is interesting to note that the roles and job functions most affected were within HR, which accounted for 28 percent of all layoffs. There are two possible reasons for this – firstly, it follows that if companies are laying off staff, they will also be cutting back on recruitment, and less recruitment means less need for HR staff “