Everyone Is Laid Off - What Now?

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By now, I’m sure you’ve heard of big tech companies clamping down and going through another round of mass layoffs. While these layoffs displace hundreds of thousands of tech workers, with each and every layoff, these tech stocks tend to go up as investors actually tend to appreciate cost-cutting measures like layoffs. But, while these layoffs may be good for the stock price over the short term, the same cannot be said about the long term. Over time, surviving these layoffs became less of a matter of value and skill and more about how well an individual can play and thrive in corporate politics. This means that over time, the workforce at these companies will be replaced by pencil pushers instead of true innovators. This video explains the problem with vanilla tech CEO logic and constant layoffs and the long-term ramifications of such short-sided thinking.

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Timestamps:
0:00 - Mass Layoffs
2:03 - Vanilla CEOs
6:06 - What Happens Next
9:55 - The Inevitable End

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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