A sign of capitalist decline: Pink slips hit tech workers hard

A sign of capitalist decline: Pink slips hit tech workers hard

In a vulgar display of capitalist greed, indicative of the system’s state of decay, high tech companies have laid off more than 58,000 workers since the start of the new year. These figures include the latest announcements from Google parent company Alphabet to slash 12,000 jobs and Microsoft’s recent 10,000-person reduction. (crunchbase.com) These new layoffs in the tech industry are a continuation of major cuts over the last year. According to the tech-job tracker layoffs.fyi, there have been more than 200,000 tech jobs eliminated since the start of 2022. They include 18,000 layoffs at Amazon in recent months and […]

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