What’s with all these tech companies going through massive layoffs. The latest one is Intel, but instead they’re cutting salaries to avoid laying off.

@prologic@twtxt.net US recession I assume

Business pushing for recession. They all over hired during the pandemic to meet higher traffic levels and now those levels are dropping back to normal. absolutely bad resource planning all around.

probably some now that the free COVID loans that required staffing numbers are over the staffing is no longer needed.

@prologic@twtxt.net “outsourcing” and “restructuring” are the hot new corpo buzzwords these days. The shirt economy and endless inflation we find ourselves in, probably isn’t helping it either.