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It's interesting (although morbid) to speculate about which types of companies will be hit the hardest. 1 Anything focusing on AI/ML that isn't directly revenu

• dx87 6y ago
  Currently a government contractor, can confirm everything is fine so far. I work at a mid sized company, and not a single person was furloughed or laid off. I'm sure it doesn't hurt that 90% of the company had the option to work from home, but AFAIK, everything has been business as usual for all the other contractors as well, minus the mandatory WFH part.
• paxys 6y ago
  Anecdotally, a lot of startups in recruiting/HR and real estate have announced mass layoffs in the last few weeks.
• griffinkelly 6y ago
  Working for a company that is tangentially related to consumer essentials--we make a self-checkout of sort--our customers have been hounding us to move faster. The crisis has been the catalyst for our slow moving customers to push their legal teams faster than normal.
• seibelj 6y ago
  I work in blockchain (exchange) and the business is fine. BTC is holding up, and we make our money on volatility. Not sure why crypto would fall when the stock market tanks? We exist in a parallel financial system, that’s the whole point. If we need money, we can print our own!
• ganstyles 6y ago
  RE: AI/ML, we've accelerated R&D, and it's not even stuff that's super direct to customers (though makes it to customers eventually). Absolutely business as usual for a growing startup.
• pyuser583 6y ago
  I work for a company that provides cybersecurity to medical practices. Now is not the time to have ransomeware attack!
  • wltprgm 6y ago
    Yesterday my team just received an email from IT department where another largest company was infected with Maze Ransonware I would say current times is crucial for malware programmers, it's a lifetime opportunity to grab cash before everyone else learns the importance of security Malware programmers also have a family to feed you know
  • tluyben2 6y ago
    > Now is not the time to have ransomeware attack! I was thinking about that some days ago; if a ransomware attack hits a medical / critical facility now, would the attackers now not be raised to terrorist status? It's bad normally, but now it has more opportunity to kill people.
• esoterica 6y ago
  Have you looked at Tesla's stock recently?
• TrackerFF 6y ago
  Work in the defense industry, no layoffs. If anything, we'll have to do more hiring due to the backlog which has been created by the physical preventive measures (i.e travel ban)
• blackrock 6y ago
  I would actually think that Tesla would be less affected by this pandemic. Why? Because their target market, are people that would be last to be laid off. Not entirely of course, but they are the programmers that can work from home, or the senior managers that can jump between companies if they’re laid off. Of course, the lockdown is affecting everyone, but Tesla has always targeted the affluent and entrepreneurial, as their primary customers. And let’s be realistic here, these people that can afford an $80k Tesla, are not concerned about the price of gasoline.
  • nikanj 6y ago
    For a lot of people with hour+ commutes, it makes sense to get a model 3, especially if they have the luxury of charging it for free. Gas really is quite expensive if you have to drive long distances daily. Most of these people no longer have the long commutes.
  • wastedhours 6y ago
    Where are you driving to right now though? Would expect them to recover better than most other companies, but would be interested to see how they're actually weathering this.
  • tomatocracy 6y ago
    People on average (including the demographic you are talking about) do defer making big capital purchases in this type of environment - it’s the “conserve money in case the worst happens” attitude. Of course there is a demographic who are wealthy enough that a Tesla wouldn’t be a big capital purchase for them. But I don’t think that demographic alone is enough to sustain them as a business. In addition, with governments likely to be looking for cost savings in the coming years, subsidies for electric cars aimed at or claimed by “rich people” (thinking about some European markets here) look like an easy target politically speaking. What might offset that for Tesla is potential for them to grow in China but that’s a difficult one to predict.
    • ghaff 6y ago
      In addition, while I suppose you could make a Tesla purchase and take delivery mostly virtually, people are still deferring significant purchases for reasons that go beyond money. It's just one more unnecessary thing to deal with right now. Furthermore, for many purchases, you can't totally deal with things over the phone or over the computer. I should get a new refrigerator one of these days but it's just not something I'm going to do until this is all over.
• web007 6y ago
  I would argue against all of 1, 2 and 3. 1. Anything AI/ML-based that can be applied to COVID-19 will be. 90% will be useless, but some percentage will pivot to these applications as their new business model. There may be some others that see cutbacks, but most companies should get a boost from the good PR of the ones that work. 2. I've seen a couple different sources pointing to blockchain as a good solution to inventory management and tracing, both seemingly important given current events. Second wave infections will keep this at the forefront through the next few years at least. 3. Subscription boxes for foodstuffs (meal kits specifically) probably saw a HUGE boost when a few million people suddenly had a lot of free time, coupled with supply chain problems and shopping difficulty. Other periodic vendors may benefit as well if shopping remains inconvenient, and customers may get used to the convenience and stick with them after everything goes back to normal.
• LarryDarrell 6y ago
  Add the Oil & Gas Industry to your first list.