4 ms·
It’s been said time and time again. During growth, you make big plans and you invest in growth. You hire people to build new things. Oh snap. Growth is gone.
by lbotos 4y ago
It’s been said time and time again.
During growth, you make big plans and you invest in growth. You hire people to build new things.
Oh snap. Growth is gone.
You cancel your lofty plans and you stick with things that are working. Anyone who was hired for grand plan things is a burden and let go. Sure. Some under performers too, but I don’t think this current wave in the cycle is the end of software eating the world.
- JackFr 4y agoWhen money is cheap it makes sense to invest in low ROI ideas. When monety stops being cheap it makes sense to stop.
- 3-cheese-sundae 4y agoBut money is still cheap, at least in the US. The US inflation rate was 6.5% at the end of 2022, and the interest rate was 4.5%. It's just not as cheap.
- iLemming 4y agoThe inflation rate in 2020 was 1.4. And MSFT is laying off less than 5% of its workforce.