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They're really making the argument that these big companies full of engineers that engineered much of modern life over the last 20 years are just blindy laying
by friend_and_foe 4y ago
They're really making the argument that these big companies full of engineers that engineered much of modern life over the last 20 years are just blindy laying people off like some kind of social contagion? That's not how it works. Companies that big and that reliant on data don't make big decisions without some team of eggheads showing them the numbers and telling them they have to.
And layoffs are a bad idea? Always? Even when sunsetting multiple large projects and downsizing your speculative endeavors? There are whole teams at these companies who's jobs just simply aren't needed anymore. It sucks for them, but to say it's a bad idea for a company to lay off people is just nonsense, there are times when you have to unfortunately.
- Apocryphon 4y agoThese corporations all blindly overhired in the years prior because they just went along with Fed policies even though every financial news outlet in the world was saying more money has been printed than decades back put together. Surely that is a sign of groupthink and not thinking ahead. > Even when sunsetting multiple large projects and downsizing your speculative endeavors? Those same data-reliant companies initiated those projects!