this post was submitted on 14 Jan 2024
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Layoff season (lemy.lol)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]
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[–] [email protected] 41 points 10 months ago

End of fiscal year, companies will sometimes do a round of layoffs to juice reports (e.g. lower ongoing costs expected for the next year). Some industries also ditch older (read: more highly paid) employees for a new batch of interns to keep average salaries down.