• net00@lemm.ee
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    1 month ago

    I’m sure he’s taking full responsibility going to sleep in his mansion tonight, with his big salary and bonuses, which will probably see a nice bump from this.

  • BombOmOm@lemmy.world
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    1 month ago

    Why the hell do they have so many employees in the first place? You don’t need so many people for the few products they offer.

    • Telodzrum@lemmy.world
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      1 month ago

      Money was cheap, so most tech firms overhired throughout the 2010s and into the first few years of this decade. Now that rates are higher we are seeing a market correction to the actual required workforce for the industry. I feel bad for the millions of tech workers trained and produced by programs for the last 15-20 years who will need to retrain in a new industry.

      • InverseParallax@lemmy.world
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        1 month ago

        The money people are demanding much higher returns, inflation spooked them, but the fact that it’s going down is no reason to not keep squeezing.