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I agree but I think us folks in tech could be overly confident about our continued employment. Yes, companies have cash, but ad spending has dropped tremendous
by nostromo 7y ago
I agree but I think us folks in tech could be overly confident about our continued employment.
Yes, companies have cash, but ad spending has dropped tremendously overnight.
https://www.msn.com/en-us/news/other/facebook-twitter-revenue-warnings-point-to-a-sudden-pullback-in-ad-spending/ar-BB11EmLo https://www.msn.com/en-us/news/other/facebook-twitter-revenu...
And Apple, well, all of their stores are closed and I highly doubt they're selling a ton of expensive luxury goods right now -- as millions of Americans fear unemployment and a deep recession.
Cloud is dependent on large corporate spending, which may be in for a contraction as companies cut back or go under.
Startups may find deals harder to land as investors flee to safety.
Perhaps we'll look back and see WeWork as peak bubble, and Covid-19 as the impetus for a sever pullback.
- Frost1x 7y agoTech is everywhere so it depends on what industry you're in and how your contributions of tech are funded. With that said, I think were going to see pressure everywhere. As a recent switch to a new employer, I'm concerned, even if our source of revenue currently appears solid.
- Retric 7y agoMost companies don’t want to suddenly try to rebuild teams from scratch in 6 months. So generally a furlough is preferred outside of the most generic skills. Giant tech companies are likely more concerned about how long the economic recovery takes and if anything can be done remotely.
- bdcravens 7y agoApple did feel good enough to launch new hardware, which is now available. Seems to me it would have been smarter to wait and feed off the momentum of people wanting to touch the goods immediately after they were announced.