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Yes. And I reject that claim.

Big tech companies are both doing mass layoffs AND hiring. How does this fit the narrative that the tax change is at least in part responsible? The new hires still have the same deduction issue, right? So what impact does this really have?

Think of it this way: if this passes, will the layoffs end? Or reduce? Absolutely not. All this does is give line the pockets of shareholders. That's it.

I'm a big fan of tying certain benefits to NOT doing layoffs. This can include:

1. You get this deduction only if you've fired fewer than 1% of your workforce in the last calendar year;

2. You don't get to sponsor for an H1B if you've conducted ANY layoffs in the last calendar year; and

3. The tax deduction only applies to unionized workers.

And while we're at it, let's roll back this ridiculous tax structure where IP can be "sold" to a subsidiary in Ireland and then royalties paid.




Things wouldn’t be called layoffs then, people would just be aggressively PIPed out


That's a solvable problem and probably already solved. Fire more than a certain threshold of your employees over a certain period for any reason and it's a layoff in effect, say 3% over 12 months.




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