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Yogthos (yogthos@mas.to)'s status on Saturday, 08-Apr-2023 03:37:59 UTC Yogthos

The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it.
https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/
In conversation Saturday, 08-Apr-2023 03:37:59 UTC from mas.to permalink
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1. What explains recent tech layoffs, and why should we be worried?
  
  from Alex Samuel Harvison
  
  As layoffs in the tech sector mount, Stanford Graduate School of Business Professor Jeffrey Pfeffer is worried. Research – by him, and others – has shown that the stress layoffs create takes a devastating toll on behavioral and physical health and increases mortality and morbidity substantially. Layoffs literally kill people, he said.

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