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Are you blaming layoffs on interest rates again? The fault of the layoffs is that somebody did a leveraged buyout. These have been terrible for workers and cus
by encoderer 4y ago
Are you blaming layoffs on interest rates again?
The fault of the layoffs is that somebody did a leveraged buyout. These have been terrible for workers and customers across all parts of our economy.
Twitter like many companies over hired during COVID and layoffs are healthy. I don’t think you can call the process at twitter anything but destructive.
Everybody hated LBOs when they were done by IBankers trying to make fees. Elon doing it is just as destructive.
- deleted 4y ago[deleted]
- jdmoreira 4y ago> are you blaming layoffs on interest rates again? Or the absolute idiocracy that is Venture Capital and growth at all costs. Or the middle managers at these companies that spent their time growing their influence to play politics and status / power games. Or you know, the average person who puts money aside on their 401K who in turn needs money managers who in turn end up partially funding venture capital... It's chaotic. You can't point the finger at any single person or class and "blame them". It's a complex system made of many moving parts and somehow poorly understood incentives. But you seem to have it all figured out. Good luck!