The U.S. economy is booming. So why are tech companies laying off workers?(washingtonpost.com) |
The U.S. economy is booming. So why are tech companies laying off workers?(washingtonpost.com) |
I haven't heard a single convincing reason why these companies have so many employees, especially since none of them have accomplished anything in the same ball park as their predecessors.
When I hear "these are the best in the world" I laugh and walk away. There's better things to do than listen to idiots chest beat, attempting to justify their credentials. Real elites don't waste their time with the unimpressive and mediocre because they understand the real elite have achievements that speak for themselves.
The only reason you hire people you don't need long-term...is short-term gain.
That's what contractors are for! Destroying the relationship between employee and employer en masse isn't commendable.
Because a booming economy is not what promotes hiring "tech" workers?
Because without ZIRP to allow VC to gamble on money-losing "startups", there is no place for these workers to "work"?
In the vast majority of cases these "jobs" lead nowhere, it is ultimately wasted effort when the money runs out, because the VC are making highly speculative bets. The majority of these bets will be wrong.
The money has run out, the high volume of speculative bets are no longer possible and the "workers" are not needed.