The U.S. economy is booming. So why are tech companies laying off workers?

Most of the pioneers responsible for making these companies what they are today departed over a decade ago.<p>I haven&#x27;t heard a single convincing reason why these companies have so many employees, especially since none of them have accomplished anything in the same ball park as their predecessors.<p>When I hear &quot;these are the best in the world&quot; I laugh and walk away. There&#x27;s better things to do than listen to idiots chest beat, attempting to justify their credentials. Real elites don&#x27;t waste their time with the unimpressive and mediocre because they understand the real elite have achievements that speak for themselves.

Because &quot;tech&quot; workers are not required for the economy to be booming?<p>Because a booming economy is not what promotes hiring &quot;tech&quot; workers?<p>Because without ZIRP to allow VC to gamble on money-losing &quot;startups&quot;, there is no place for these workers to &quot;work&quot;?<p>In the vast majority of cases these &quot;jobs&quot; lead nowhere, it is ultimately wasted effort when the money runs out, because the VC are making highly speculative bets. The majority of these bets will be wrong.<p>The money has run out, the high volume of speculative bets are no longer possible and the &quot;workers&quot; are not needed.

Because the economy is not booming.

The US economy is booming? What?