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> FAANG will probably survive in some form because of cash reserves, but there will absolutely be cancelled projects and mass lay-offs. And those will have an e
by thethethethe 7y ago
> FAANG will probably survive in some form because of cash reserves, but there will absolutely be cancelled projects and mass lay-offs. And those will have an effect on the the property and rental markets, on startup funding, and on everyone's cash flow
FAANG will lay off their armies of contractors before down sizing FTEs. Google has 125k FTEs but over 300k temps. Will it get to the point where FTEs are laid off? I’m not sure, but it seems pretty unlikely unless things don’t improve over the next few years or so
- throwaway2048 7y agocontractors aren't summoned from the aether, they still live in houses.
- quickthrower2 7y agoAre these temps and FTEs even doing the same role? It’s probably going to depend more on the role they are doing than work status.
- thethethethe 7y agoDepends. There are many many contractors doing corporate tech stuff but there are also vendors making food and they all have the same bright red badge