Viewing a single comment thread. View all comments

extra-texture t1_jciv682 wrote

Reply to comment by BernankesBeard in Former Meta employee says staff were 'hoarded like Pokémon cards' by nastyjman

not to discredit the comment as it’s still a fraction of the population, but tech layoffs in just the few months of 2023 are almost 100k

9

BernankesBeard t1_jciw2ib wrote

Correct. All the layoffs in the entire tech sector amount to that much out of a total US labor force of ~166m.

So if the whole tech sector got together and agreed to fire workers in a mustache-twirling, 17-dimensional chess move to stop the Fed from raising rates, then they would have managed to raised unemployment by 0.06 percentage points.

11

extra-texture t1_jciwbzw wrote

yea your original comment is still valid, just wanted to make a little correction to the ‘couple thousand’ line :)

5