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 threadsladnerJan 20, 2023
@Haste @vruz completely agree. This will backfire in the coming decade of course. There’s simply not enough people to do work in the next generations. But it feels so good to execs to seize back control.
Show threadcxj ✅Jan 21, 2023
@sladner @Haste @vruz As someone who has been in the IT trenches my entire career, I think I can safety say any company whose executives are engaging in this kind of cutbacks will see significant reductions in potential earnings in the very near future of 1 to 3 years. Investors may want to kick some executive ass if they care about their profits being damaged in that timeframe. Virtually every significant business today has data and automation as its lifeblood. Cutting IT causes bleeding.
Show threadsladner
@cxj @Haste @vruz these aren’t IT positions but tech product (consumer and enterprise) positions.
Jan 22, 2023 at 12:11amIceCubesApp