| ▲ | Lammy 5 hours ago |
| > It seems like 5%/year is sort of industry norm. That's because the people running these companies learned the hard way not to write their collusion down, so now they just all totally coincidentally act in the same way that ends up driving wages down and keeping workers afraid and in line https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L... |
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| ▲ | joe_mamba 4 hours ago | parent | next [-] |
| It's not some global conspiracy, it just aligns with the end of the ZIRP era. Companies could ignore headcount and hire endlessly just to singla growth to investors, while free money was raining from the sky. |
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| ▲ | dingaling 2 hours ago | parent [-] | | Amazon made $17.4 billion profit in Q3 2025 alone. That is, they made so much money they couldn't find any way to spend over five BILLION per month even with this 'excess' headcount. | | |
| ▲ | readthenotes1 an hour ago | parent [-] | | Are you saying they should be a charity? Or is this like the old Soviet Union thing where people said they pretended to pay us and we pretended to work? |
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| ▲ | loeg 4 hours ago | parent | prev [-] |
| Why would you explain this with a conspiracy theory of collusion instead of Occam's razor -- that they were responding to similar changes in market conditions, with input from similar shareholders? |
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| ▲ | keeda 3 hours ago | parent | next [-] | | This is not a conspiracy theory, even though what I'm about to say will sound like it. If you can talk to someone from the exec class in confidence (which unfortunately may require a close personal relationship or high trust), they'll tell you there was a clear -- if somewhat tacit -- understanding that the job market had gotten too hot during Covid and something "had to be done" about it after ZIRP ended. Elon's layoffs at Twitter were basically the signal for the rest of the industry that it's time to reverse the trend. | | |
| ▲ | loeg 3 hours ago | parent [-] | | Responding to identical market conditions in similar ways based on input from overlapping shareholders does not require collusion between execs. |
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| ▲ | zaphirplane 4 hours ago | parent | prev | next [-] | | occam isn’t a law of nature, it’s an expression or a sharp quip I don’t see a conspiracy here other than sheep herd mentality of hire hire hire then too many | |
| ▲ | Lammy 4 hours ago | parent | prev [-] | | Please stop validating the language of the oppressors | | |
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