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Re:Yelp lays off 1000, furloughs 1100 by zelly on Thursday April 09, 2020 @11:05PM (#22829600)
The real answer is that it's a publicly traded "tech" company that has to maintain a charade of growth. They can either give their profits back to shareholders (violating the growth charade) or they can hire more people and hope they figure out how to create actual growth.

Corona spoke up and pointed out the Emperor had no clothes.

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