Re:Google mandates workers back to Silicon Valley, other off...
by hn_throwaway_99 on Wednesday March 02, 2022 @06:53PM
(#30535204)
I hate to be the "correlation is not necessarily causation" guy, but come on!
Most of the big tech companies could have laid off 90% of their workers over the past 2 years and would have had even higher record earnings (and maybe stock prices).
What the big tech companies are concerned about is their continued ability to be productive and stay on top, and the fact that everyone had to move a ton of spending to online over the lockdowns doesn't mean that record profits during that time are sustainable.
Most of the big tech companies could have laid off 90% of their workers over the past 2 years and would have had even higher record earnings (and maybe stock prices).
What the big tech companies are concerned about is their continued ability to be productive and stay on top, and the fact that everyone had to move a ton of spending to online over the lockdowns doesn't mean that record profits during that time are sustainable.