Wondering what happened in April, around that time layoffs started including at my job. No reason at all aside from “AI” and the C suite wanting larger profits.
April is the start of the second fiscal quarter, so companies had completed Q1 and were doing quarterly earnings reports. The stock market was trending downward all of Q1, so it was probably an attempt to reduce costs to ensure that Q2 would have better numbers for the Q2 earnings reports.
Comments
Wondering what happened in April, around that time layoffs started including at my job. No reason at all aside from “AI” and the C suite wanting larger profits.
April is the start of the second fiscal quarter, so companies had completed Q1 and were doing quarterly earnings reports. The stock market was trending downward all of Q1, so it was probably an attempt to reduce costs to ensure that Q2 would have better numbers for the Q2 earnings reports.