Despite a booming U.S. economy and significant advancements in the tech sector, including a robust performance by companies like Nvidia Corp. and a thriving artificial intelligence (AI) industry, tech companies have continued to lay off workers at an alarming rate in 2024. The tech-heavy Nasdaq index has shown an impressive uptick and the U.S. economy added 353,000 jobs in January, outpacing economists’ forecasts. However, this overall economic strength masks a wave of layoffs in the tech sector

Despite Booming Economy And Record Profits Google, Amazon, Microsoft And More Lay Off Over 42,000 So Far In 2024::Despite a booming U.S. economy and significant advancements in the tech sector, including a robust performance by companies like Nvidia Corp. and a thriving artificial intelligence (AI) industry, tech companies have continued to lay off workers at an alarming rate in 2024. The tech-heavy Nasdaq index has shown an impressive uptick and the U.S. economy added 353,000 jobs in January, outpacing economists’ forecasts. However, this overall economic strength masks a wave of layoffs in the tech sector

  • bean@lemmy.worldEnglish
    43·
    2 years ago

    Don’t forget they pay little to no taxes and even some are getting money for negative tax. We pay something like 154 billion to those top companies, according to another article I read on Lemmy today.

  • CosmoNova@lemmy.worldEnglish
    181·
    2 years ago

    What‘s the point of not regulating them when they don‘t create new jobs? I mean putting congressmen self interest aside, they should be broken up. No point in keeping them together.

  • Gakomi@lemmy.worldEnglish
    71·
    2 years ago

    Maybe it’s due to over hiring, maybe due to the fact that some those people had jobs that were replaced by AI bots, it does not really matter, right now the market is fucked and good luck finding a job if you were laid off.