@spiegelmama @zackwhittaker @tinker should also mention stock buybacks - in many cases the same companies like Cisco doing mass layoffs also spend billions on share buybacks each year. (Cisco spent over $1.3B on stock buybacks in the 3rd quarter of 2024 alone along with $1.6B in stock dividends) see https://investor.cisco.com/news/news-details/2024/CISCO-REPORTS-THIRD-QUARTER-EARNINGS/default.aspxEven at tech worker salaries that would have employed a lot of people. (I am a Cisco shareholder though it’s a very small part of my portfolio)