• Pastaguini [he/him]
    ·
    2 years ago

    The article cites slow online sales as part of why they’re laying people off. Aren’t the mass layoffs a possible explanation as to the slower online sales? Isn’t this fueling the problem?

    • UlyssesT
      ·
      edit-2
      18 days ago

      deleted by creator

    • Frank [he/him, he/him]
      ·
      2 years ago

      Real cost of living has gone up enormously over the last few years and we've been in a de facto recession since 2007. People probably just can't afford to buy stuff anymore.

    • jabrd [he/him]
      ·
      2 years ago

      Also these white collar, tech job layoffs are happening right after quantitative easing ended and the fed started jacking interest rates. When liquidity dries up and debts become a larger obligation I feel like a lot of these email jobs are about to be liquidated

    • Dimmer06 [he/him,comrade/them]
      ·
      edit-2
      2 years ago

      Their stock price fell $20 a share in the last quarter, so they gotta do something to appease the investors