this post was submitted on 14 Jan 2024
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The US companies claim they have economic reasons but really this is just part of a cycle that shareholders understand but companies hope employees will not.
They claim they're fixing problems by firing people, but for the most part these are companies that are more profitable than ever.
There's much less worker protection in the US, though. A lot of these companies have EU branches and I bet those EU branches are mostly left alone during these layoffs for that reason.