https://www.cnbc.com/2024/02/24/why-widespread-tech-layoffs-keep-happening-despite-strong-us-economy.html
3 replies (most recent on top)
Always good to get a US centric view of the World - we don't hear enough from over there.
Issue is with the tech companies not able to pay huge salaries to thousands of employees.
Cost of living is high. Rents and home prices are out of control. Too many graduates are trying to end the work force. 50% will do well but the other 50% will struggle.
Most of the gain in stock market is due to top 15-20 tech companies. Rest of the companies are flat or not over valued.
Most tech companies are not doing well. Too many confuse a stock market bubble with a good economy.