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

L4sBot@lemmy.worldmod to Technology@lemmy.world – 173 points –
washingtonpost.com

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

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Laying people off is a way to juice the stock price in the short term. So perhaps the "economy is booming" because of the layoffs?

Absolutely, layoffs are exactly why some tech companies can boast of record profits.