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by gretch 1186 days ago
Because tech ballooned the most during the covid reaction.

e.g. META has roughly doubled in headcount since 2020. Now it is laying off a fraction of that new headcount.

I'm sure there's a similar stat for Amazon/Twitch.

And think about how much stuff people were buying on Amazon when everything was closed. Think about how many hours of twitch were watched when it was illegal to do anything else.

You can't look at e.g. Walmart and say "hey they doubled in 2 years". Thus, no lay offs needed

1 comments

Everyone responded with essentially the same thing: that tech over hired, which is not something I am disputing. But parent comment mentioned the economy cinching up as a whole when interest rates rise, but we are not seeing that(yet).