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I wonder how much of this is real, and how much is part of the fed's acknowledged plan to push wages down. I mean obviously the layoffs are real, but are they
by jacknews 4y ago
I wonder how much of this is real, and how much is part of the fed's acknowledged plan to push wages down.
I mean obviously the layoffs are real, but are they necessary, or just symptoms of the chill winds and fear now blowing from the fed.
- dfxm12 4y agoIf this is a reaction to the Fed raising rates, the layoffs aren't necessary, but by and large, these companies put short term gains above all else, which is why they are doing it.
- xbar 4y agoThere are a lot of companies, small and medium, without enough revenue or funding to pay employee salaries, given reasonable budgeting into the next several quarters. This is as real as it gets.
- ghaff 4y agoIt does seem at this point as if companies that haven't been able to make money, sometimes for years--especially those that should have been "pandemic businesses" (looking at you meal kit subscriptions)--are going to have to significantly raise prices, cut costs, or turn out the lights.
- spaceman_2020 4y agoSer, we’re at a point where a company like Uber looks like it might never turn an operational profit, and is quietly planning to/has existed most markets. If $33B in funding doesn’t get you a dollar in profit, you have to wonder if its all even worth it.
- kmlx 4y ago> has existed most markets. which markets did Uber exit voluntarily?
- puranjay 4y agoMost recently, they've reportedly been exploring exit options in India [0]. Friends in my startup circle corroborate these rumors. As an end user in this country, it definitely looks like a business that's close to capitulation. 0: https://www.news18.com/news/business/uber-explored-options-to-sell-indian-ride-hailing-wing-report-5426263.html https://www.news18.com/news/business/uber-explored-options-t...