this post was submitted on 19 Nov 2025
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And every single one of those companies has gone through rounds of layoffs in 2025. Not only that, but each one of them had released statements saying that their layoffs were (paraphrasing) "strategic reductions in force" unrelated to economic factors.
Which is a long way of stating the obvious: corporate tax cuts don't encourage job growth. Even if that stupid theory were true, companies would have eliminated chunks of their workforce with or without the tax breaks because AI investments (/gambles) are majorly driving this iteration.
they have even less reason to hire people for thier companies, if they can save money they will just squeeze out the current employees or outsource them. prior to takeover r/conservative by russian bakced mods, early on in trumps term, they actually believe no corporate taxes equal=more jobs.
the layoffs have been happening since musk started in early 2023, than followed by every company in tech.
My buddy works for Verizon and just let a few of us know that Friday they'll be laying off 15% of the workforce.