The U.S. economy is booming. So why are tech companies laying off workers?::undefined

  • Goodie@lemmy.world
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    7 months ago

    You need more upvotes.

    High interest rates are here, and it’s likely to be some time before we get back down to the 1% interest rates we saw during covid (or even before).

    Companies are shifting either to real or imagined pressures of the stick market. And those pressures are less about chasing unlimited growth and want to see some return.

    Ergo. Layoffs. Meta producing dividends.

    If interest rates stay high, I’d expect to see large megacorps shift more and more to profitability over growth.