Reasons for Firing

• 💸 During financial downturns, tech companies can fire employees to cut costs, as existing customers may not be spending as much and new projects may not be viable.
• 🚫 In bad market conditions, new companies may struggle to get established, reducing the risk of new competition and allowing tech companies to cut expenses without fear of repercussions.
• 📉 When many companies are laying off employees, it becomes easier and cheaper for tech companies to hire new talent, making it a good opportunity to get rid of underperformers.