Top Stories: Let’s Talk About The Real Reason For All The Tech Layoffs, Fake Jobs & More

Jun 14, 2024ERE.net
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The recent wave of tech layoffs is largely attributed to the proliferation of "fake jobs" in the industry. Companies often inflate their hiring numbers to meet perceived expectations or to present an image of growth. However, when market conditions change or financial realities set in, these companies are forced to cut these superfluous positions, leading to mass layoffs. This phenomenon highlights the importance of sustainable hiring practices and genuine job creation over short-term image building.