EVHasteJan 20, 2023

Make no mistake, the tsunami of #tech #layoffs is not about the recession. It’s about striking back at “uppity” labor, after they enjoyed a shift in the balance of power from #remotework and DEI #activism .

These companies are reporting record profits. Inflation is just cover. It’s because they can, because there’s social cover for it, because there’s money left on the table and having “some” money isn’t enough.

It’s nothing short of class warfare.

Show threadtoxtethogradyJan 20, 2023
@Haste I suspected it was coordinated. But they are playing with a certain amount of fire, because the employees they cashier may decide to never come back. Or they may come back as competitors...
Show threadHoward Chu @ SymasJan 20, 2023
@toxtethogrady @Haste laying off 12000 workers, surely there's at least a couple hundred of them capable of founding new companies that will come back and eat their lunch.
Show thread🅱🅻🆄🅴🅱️Jan 21, 2023

@hyc @toxtethogrady @Haste and then they will buy them when they make something successful.

Instead of paying a bunch of people hoping to make something, they cut them loose, pay nothing, and then buy them back when they make something worthwhile, or they copy it.

I'm rooting for people to win but..... I think we have reached the functional end of money as we know it. It doesn't scale to this level.

Show threadHoward Chu @ Symas
@BlueBee @toxtethogrady @Haste hard to say. There may yet be enough anti-BigTech backlash to cut those guys down to size.
Jan 21, 2023 at 12:31amWeb