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.
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.
My buddy works for Verizon and just let a few of us know that Friday they’ll be laying off 15% of the workforce.