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I'm genuinely confused how anyone in tech can honestly believe that this is only effecting hourly workers. That was certainly true for the first week but if my
by baron_harkonnen 7y ago
I'm genuinely confused how anyone in tech can honestly believe that this is only effecting hourly workers. That was certainly true for the first week but if my linkedin is any indicator last week was a blood bath for many startups. I can easily name 5 companies in my area that had greater than 20% layoffs just last week.
Google is already making the call to slow down hiring. Each week from here on out we are going to continue to see this impact more and more people in more secure jobs become effected. This will remain true even as the pandemic eases up.
- _bxg1 7y agoStartups being the key word. There's much more to tech than startups, and the picture outside of them is significantly more mixed. Google has slowed, but Facebook has accelerated. Etc.
- Exmoor 7y agoObviously things will differ greatly from industry to industry and company to company, but you're lying to yourself if you think this is going to end at startups. It takes a bit of time for dominoes to fall, but as the various factors such as consumer spending, B2B spending, supply-chain issues, etc. begin to ripple out the waves will effect more and more companies.
- _bxg1 7y agoIt has an effect on other businesses but it'll be far from a "blood bath"