Tech companies are continuing to layoff workers. This comes at a time when inflation and rising food prices remain an economic challenge. Twitter, Amazon, Meta, and Microsoft have been laying off workers between the months of October to November. The massive amount of job loss demonstrates that the concept of job security is non-existent . Job loss can effect both skilled and unskilled workers. Education was thought to be a gateway to better career opportunities. Coders and software engineers find themselves vulnerable in a neoliberal capitalist system, even though they have useful skills. It has been cited that the layoffs are the result of changes in buying behavior of customers. The pandemic might not be over, but there has been some control established. Tech companies claim that it was a hiring spree done during the pandemic and it can no longer afford to keep every worker. The claim lacks cogency considering these companies generate immense profits. Microsoft's programs are used in numerous offices, schools, and for personal computers. The layoffs could be a preemptive measure for large tech companies that suspect a recession is coming. This has not been confirmed by economists, but still could be a possibility. The CEOs of the major tech giants did this for a more obvious reason. Increasing their pay is more important to them than having employees. To counter the effects of thousands of layoffs, the remaining employees will do more work. The change does not ensure an increase in wages or salaries. Promotions are not guaranteed either for extra labor. While motives of are not clear, one assertion can be made with certainty. The global economy is in a poor condition. Other sectors could see mass layoffs in the coming months.
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