Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?
Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?
Another factor was the PPP and other “totally not bailouts” that were part of the COVID relief spending.
Of the roughly $800 billion dollars from PPP which was provided as uncollateralized, low-interest loans 66-77% went directly to companies and ~92% of those loans were completely forgiven.. In other words an ~5-600M bailout predicated on keeping positions open long enough to maintain plausible deniability that is what the goal was.
They’ll give corporations all the slack and handouts but look at those trying to feed their children and scrutinize every little detail. It’s so sad.