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Cake day: July 31st, 2023

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  • Might sound like a bit of a conspiracy theorist here, but if all of the big tech companies lay off people at the same time, why could they not hire their recently laid off competitors for a fraction of the cost?

    Obviously it drives down the cost of the salaries and lowers the average hiring rate. Huge wins for all these massive companies.

    And to prove that they all did this “together” when they all did it a few weeks apart will be rather difficult too.

    Maybe that’s just me thinking from both corporations and employees side at the same time, though…