this post was submitted on 19 Jan 2024
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Work Reform

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[–] trafficnab@lemmy.ca 4 points 10 months ago* (last edited 10 months ago)

I think anybody with their finger on the pulse of the tech world could have seen this coming and it's a natural consequence of a decade of incredibly low interest rates vastly inflating the sizes and valuations of these companies past where they naturally should be

That is to say, any random person can tell the CEO of Google to cut back their headcount, but that doesn't mean that's why they did it