this post was submitted on 04 Feb 2024
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241
The U.S. economy is booming. So why are tech companies laying off workers? (www.washingtonpost.com)
submitted 9 months ago by [email protected] to c/[email protected]
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The U.S. economy is booming. So why are tech companies laying off workers?::undefined

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[–] [email protected] 15 points 9 months ago (2 children)

The layoffs are precisely why the “economy” is “booming”.

[–] [email protected] 8 points 9 months ago

Nah, reducing costs in one relatively small sector doesn't affect the GDP or other national-level metrics.

[–] [email protected] 2 points 9 months ago

I could see how you might think that if you're really bad at math and clueless about how our economy works. Unemployment is only 3.7 percent, nationally.