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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We’re going to be seeing lots of business failures, layoffs, and suicides.  Trumpers deserve to rot in hell. [/quote]

How come no one came for biden when tech companies and private sector laid everyone off during his term? All of a sudden some govt workers get laid off or right sized and its bad?[/quote]

But..but..but..Biden!  Because the tech companies and private sector didn't 'lay off everyone' during Biden's term.  Because Biden had adults making policy and considering costs and benefits carefully--he wasn't working with idiots tanking the economy because they were using AI to make trade policy.

Stop smoking your substances, and come back to reality.  Trump did this--this is the worst self-inflicted economic disaster I've seen in my lifetime.
[/quote]

Let’s not rewrite history just because it’s politically convenient.

Under Biden (2022–2024), the economy saw massive layoffs, not just in the private sector.

Tech layoffs alone topped 580,000 across over 2,800 companies.

At the same time, federal government layoffs quietly hit six figures month after month — peaking at 163,000 in August 2022, 154,000 in August 2023, and 150,000 in August 2024 .
Actual job losses were happening under supposedly “careful, adult” economic leadership.

So no, Trump didn’t invent layoffs in 2025. He inherited an already hemorrhaging workforce — both public and private — from Biden. The narrative that Biden managed the economy responsibly while Trump came in and broke it doesn’t survive contact with actual data.

Blame Trump if you want, but let’s not pretend Biden’s term was some kind of golden age of economic stability. Layoffs were widespread, and they happened on his watch.[/quote]

You obviously aren’t in tech.

Much of the hiring over the past decade has been to squelch potential competition. Low rates and high VC funding allowed startups to spin up, hire, and become tech competitors very quickly. It was cheaper just to slurp up talent and let them rest and vest than have to compete or acquire a competitor.

Then worldwide inflation appeared because of the supply chain disruptions from the pandemic. That trigger pretty rapidly rising rates, which knee capped VC funding and the SPAC market, and suddenly startups were way less viable.

In this new environment, tech companies had an opportunity to off load excess talent. Further there is a long history of employment cabal behavior, and that is likely a part of it as well.

The tech companies were still wildly profitable when they laid people off (except maybe Meta, but VR was Zucks self-own).  The employees no longer represented potential competition, so could be safely discarded to go work at some non big tech firm.

AI was also a factor as manager were optimistic that they could operate as well with a leaner team with AI tools

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