“Efficiency” has become one of the hottest trends in the tech industry, and that is really bad news for American workers, because one of the best ways to become “more efficient” is to get rid of low-performing employees. Just about every time a big tech company fires a bunch of workers, the stock price of that particular company makes a significant jump. Needless to say, many executives have taken note of this, and that could help to explain why even highly successful tech companies have been conducting multiple rounds of mass layoffs in 2025.
The post Mass Carnage: The Tech Industry Has Laid Off More Than 166,000 Workers So Far In 2025 was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.
