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> and frankly, the chances big tech is going to cut pay is below zero. I doubt this. It is not like Google/Facebook are not affected by the market downturn. Wh
by tanilama 7y ago
> and frankly, the chances big tech is going to cut pay is below zero.
I doubt this. It is not like Google/Facebook are not affected by the market downturn. When recession comes, advertising is the at the frontline to be cancelled.
- arcticbull 7y agoSure, but Apple has $200B in cash, Facebook has $52B and Google has $117B. These are some of the most revenue efficient companies in the history of the world. Why risk jeopardizing that by cutting wages and potentially losing your biggest asset? I don't think they cut any pay in 2008, and Apple didn't even have a single round of layoffs. In fact I recall Apple making a bunch of strategic acquisitions at the bottom of all that.
- waheoo 7y ago"cash"..
- unforeseen9991 7y ago"words"..