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@grumpybozo@toad.social
2025-06-07 22:50:05

It is not AI that is driving tech layoffs. It’s the massive change in R&D writeoff rules that kicked in for TY2022, from the 2017 Trump tax bill.
The ability to “expense” R&D costs was in place for decades and arguably drove US innovation by making it cheap. Now R&D is amortized over 5 years for US work, 15 years for non-US work. The current reconciliation bill would bring back expensing of domestic R&D costs.

@mapto@qoto.org
2025-06-05 04:30:30

This is how important tax incentives are and why countries that only reactively shape their tax systems will keep lagging behind.
qz.com/tech-layoffs-tax-code-t

@al3x@hachyderm.io
2025-06-05 11:21:54

I’m very tempted to speculate that this report is banned in corporate C-suite and HR:
Why are there so many tech layoffs, and why should we be worried?
news.stanford.edu/stories/2022
What do you think?🤔