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getagrip_already

(17,623 posts)
6. This is nothing new, been in tech for 45 years.....
Sun Feb 4, 2024, 01:31 PM
Feb 2024

And layoffs have been a thing for at leat the last 20.

Routine. Layoff out of one door while hiring in another.

Why?

Get rid of excess employees in areas you don't need them with skills you don't need. Hire the skills you want and put them where you need them.

Rinse. Lather. Repeat.

It also let's companies get rid of overpaid employees and replace them with new college hires. They are more productive and lower cost.

People are capital, and they both wear out and become more expensive.

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