I can’t tell if it’s “the true cause” of the massive tech layoffs because I know jackshit of US tax, but it does make more sense than every company realising at the same time that they over-hired or becoming instant believers of AI-driven productivity.
The only part that doesn’t make sense to me is why hide this from employees. Countless all-hamds with uncomfortable CTOs spitting badly rehearsed bs about why 20% of their team was suddenly let go or why project Y, top of last year’s strategic priorities, was unceremoniously cancelled. Instead of “R&D is no longer deductible so it costs us much more now”.
I would not necessarily be happier about being laid off but this would at least be an explanation I feel I’d truly be able to accept
I can’t tell if it’s “the true cause” of the massive tech layoffs because I know jackshit of US tax, but it does make more sense than every company realising at the same time that they over-hired or becoming instant believers of AI-driven productivity.
The only part that doesn’t make sense to me is why hide this from employees. Countless all-hamds with uncomfortable CTOs spitting badly rehearsed bs about why 20% of their team was suddenly let go or why project Y, top of last year’s strategic priorities, was unceremoniously cancelled. Instead of “R&D is no longer deductible so it costs us much more now”.
I would not necessarily be happier about being laid off but this would at least be an explanation I feel I’d truly be able to accept