High-Tech Short-Termism

Shedding employees is the knee-jerk response to profit declines for most established companies. However, the high-tech industry is still in its infancy and future sources of earnings are relatively unknown. There is a danger that reducing staff too quickly in order to meet the expectations of short-term investors will also reduce the competitiveness of existing and future development of new products and services.
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https://www.nytimes.com/2023/02/03/business/dealbook/tech-earnings-cost-cuts.html?smid=url-share`