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Despite Booming Economy And Record Profits Google, Amazon, Microsoft And More Lay Off Over 42,000 So Far In 2024 (finance.yahoo.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Despite Booming Economy And Record Profits Google, Amazon, Microsoft And More Lay Off Over 42,000 So Far In 2024::Despite a booming U.S. economy and significant advancements in the tech sector, including a robust performance by companies like Nvidia Corp. and a thriving artificial intelligence (AI) industry, tech companies have continued to lay off workers at an alarming rate in 2024. The tech-heavy Nasdaq index has shown an impressive uptick and the U.S. economy added 353,000 jobs in January, outpacing economists’ forecasts. However, this overall economic strength masks a wave of layoffs in the tech sector

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[–] b3an@lemmy.world 58 points 8 months ago (2 children)

Don’t forget they pay little to no taxes and even some are getting money for negative tax. We pay something like 154 billion to those top companies, according to another article I read on Lemmy today.

[–] STOMPYI@lemmy.world 2 points 8 months ago (1 children)

I won't! And don't forget to vote with your dollars and buy local whenever possible. Local owners spend money in local towns.

[–] notgold@aussie.zone 1 points 8 months ago

Exactly this. So using amazon