this post was submitted on 24 Jul 2023
615 points (98.6% liked)
Technology
59151 readers
4004 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes and no. They have to cut expenditures but make it look like it’s not because they’re not making enough profit.
A company with high profits good, but a company laying off employees to get high profits must be in trouble.
It’s a stupid dance between VC and CEOs.