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submitted 9 months ago by HanDman@infosec.pub to c/asklemmy@lemmy.ml

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?

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[-] InternetUser2012@midwest.social 8 points 9 months ago

It's Q1. Companies always push hard for Q1 profits above all else. There's usually hiring freezes and cuts to maximize profits, come Q2, they'll hire a bunch of people and the cycle will continue.

[-] Omega_Haxors@lemmy.ml 8 points 9 months ago* (last edited 9 months ago)

It starts with C and ends with M and bringing it up will get the white tyrants crying to the pinkertons.

EDIT: DAMN IT ITS NOT CUM.

[-] conditional_soup@lemm.ee 8 points 9 months ago

I can't believe it's not cum

[-] janabuggs@beehaw.org 7 points 9 months ago

Lol ok I'm sorry, is it cum?

[-] peter@feddit.uk 4 points 9 months ago

White tyrants is what I call cum too

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[-] Illuminostro@lemmy.world 7 points 9 months ago

Maximizing shareholder's profits, as St. Friedman commanded.

[-] averyminya@beehaw.org 5 points 9 months ago

It's an election year in the midst of an onsetting recession, so shareholders want to consolidate. I think on top of that models are being sold as something that can replace certain task forces - normally there would be rehires, and there still will be but I think it will be after its seen that they aren't ideal replacements.

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[-] Lunar@lemmy.wtf 3 points 9 months ago

Consolidations, changing business direction, lack of funds and projects, etc.

[-] cosmicrookie@lemmy.world 3 points 9 months ago
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this post was submitted on 25 Jan 2024
327 points (97.1% liked)

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