The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.
Why widespread tech layoffs keep happening despite a strong U.S. economy::The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023.
Not to mention inequality isn’t some new thing that’s happening now. It’s been happening for decades. It’s not good but that doesn’t mean the economy isn’t doing well by the usual standards. We still need to do something about how shitty things are on that front but if we’re trying to compare how the economy is doing compared to previous years, it’s doing well.
The reason it feels bad imo is because money isn’t free anymore so a lot of tech companies are laying people off. Also inflation wiped away many gains we all made with our salaries. We’re doing better now, information stopped going out of control, but we’re left with the shitty high prices that came with it and they aren’t going down (because most of them are due to corporate greed, not real circumstances and costs).
Not to mention inequality isn’t some new thing that’s happening now. It’s been happening for decades. It’s not good but that doesn’t mean the economy isn’t doing well by the usual standards. We still need to do something about how shitty things are on that front but if we’re trying to compare how the economy is doing compared to previous years, it’s doing well.
The reason it feels bad imo is because money isn’t free anymore so a lot of tech companies are laying people off. Also inflation wiped away many gains we all made with our salaries. We’re doing better now, information stopped going out of control, but we’re left with the shitty high prices that came with it and they aren’t going down (because most of them are due to corporate greed, not real circumstances and costs).