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> correction for over hiring during periods of low-interest rates

It's been three years since that though, and five years since covid. That's why we say "AI" now. Just make sure you don't say "executive incompetence".

I don't think it's incompetence, I think it's planned, merciless strategy. It costs nearly nothing to fire a ton of people, so why not hire a bunch with free money and dump them as soon as the free money disappears

Yeah pretty much. This is just late stage capitalism, and the working class seem to just be shrugging at it instead of what theyr forefathers did in reaction.

Plus, possibly some forward-looking positioning for a future where automation drives leaner companies with fewer employees per dollar of revenue.

Still. Less jobs on the market

I mean, may as well just point back to the 2000 tech bubble if we're going to keep nodding our heads at that line