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?
this post was submitted on 25 Jan 2024
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This plus the changes to section 174 meaning R&D costs have to be written off over five years instead of all in the year they're incurred. That's hurting startups a lot and many have had to switch from building new stuff to licensing/selling their existing stuff, and firing some expensive engineers/developers, to be able to afford to stay open. https://www.axios.com/2024/01/20/taxes-irs-startups-section174