What’s behind the job cuts in Big Tech?
Behind the Money
00:00
The Layoffs Are an Easy Fix
Why is it that the first move that these companies make is to just do layoffs? Why isn't there another move that they could make? Yes. I mean, they could have come out and said, we are setting a target for margins to increase by three percentage points over the next two years. But then they're accountable to that. If you've let 5% of your workforce go, then it's kind of done. You've shown that you're serious about margins and costs and then you're free to do it whatever you want. A very... So it's an easy fix. It'm an easy fix and not only is it easy but it doesn't constrain you in the
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