Seonglae ChoThe Perils of Working on a C.E.O.’s Pet Project
Big tech companies have long been willing to fund efforts with no obvious payoff. But those groups have been hit hard in recent layoffs.
https://www.nytimes.com/2023/03/08/technology/tech-big-bets-layoffs.html
Layoffs.fyi - Tech Layoff Tracker and Startup Layoff Lists
[LIVE] Tracking all tech startup layoffs — and lists of employees laid off — since COVID-19 was declared a pandemic. This page is constantly being updated.
https://layoffs.fyi/
Since 1954, US companies were able to fully deduct R&D expenses in the year they were incurred. This regulation encouraged technological innovation and employment in the United States. The TCJA modified this provision (Section 174). From 2022, R&D expenses must be amortized over 5-15 years, which reduced R&D investment tax benefits and increased incentives for layoffs. In fact, mass layoffs began occurring from 2023.
The hidden time bomb in the tax code that's fueling mass tech layoffs
A decades-old tax rule helped build America's tech economy. A quiet change under Trump helped dismantle it
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502
