4 ms·

> Many tech companies are suffering Do they really? I regularly find 30% cost optimisation potentials in large organisations. It is just easier to fire people

> Many tech companies are suffering Do they really? I regularly find 30% cost optimisation potentials in large organisations. It is just easier to fire people than optimise workloads and infrastructure. On the other side, I haven't seen companies giving extra bonuses when the economy is booming.

agentultra 4y ago
If modern corporations disbursed the profits from excess production back into society, we’d all be working a few days a week at most as Keynes had predicted I suspect. However it turns out that’s not the case. Most of this seems to be profit grabbing while the market expectation is, “economy bad.” I guess we’ll find out in hindsight.
weaksauce 4y ago
> On the other side, I haven't seen companies giving extra bonuses when the economy is booming. I'm sure horse and sparrow economics[0] will start working any day now... 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: "If you feed the horse enough oats, some will pass through to the road for the sparrows."
- no-s 4y ago
  > "If you feed the horse enough oats, some will pass through to the road for the sparrows.” sounds like a framing error to me. “Trickle-down” is a term used by critics to reframe the creation of wealth as essentially a zero-sum game. The same Wikipedia article[0] cites Thomas Sowell [1] and I find him more compelling. 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics 1. https://www.hoover.org/sites/default/files/uploads/documents/Sowell_TrickleDown_FINAL.pdf https://www.hoover.org/sites/default/files/uploads/documents...
taude 4y ago
Sounds like you have a common mis-conception that a lot of people who entered the workforce after 2008 have: that bonuses are a given, and part of your salary. Lot's o' people this year won't be getting their bonuses because companies aren't doing well, sales slowed, etc. The very definition of a BONUS is that's it's something you get when the times are good. (I'm sure it's the same with Stock Options, that people just assumed they'd go up, probably why all the memes about Total Comp are all over social media?)
- StreamBright 4y ago
  I have been in the "workforce" since 1995. What do I know about this, right? I never said what you are claiming. I simply stated the obvious. Companies exposing bad economy on employees while never give out more when economy is doing great. This is in fact true. What is the motivation and what should we do about it is a different question.
- eclipxe 4y ago
  Stock Options and Restricted Stock Units are different things and even without the value going up, they have an intrinsic cash value. And what memes about Total Comp?
  - taude 4y ago
    My main comment was about Bonuses, btw. which, as I stated aren't guaranteed and are typically paid when companies are doing well. Options and even RSUs only have value if they go up above initial grant or strike price.

agentultra 4y ago

If modern corporations disbursed the profits from excess production back into society, we’d all be working a few days a week at most as Keynes had predicted I suspect. However it turns out that’s not the case. Most of this seems to be profit grabbing while the market expectation is, “economy bad.” I guess we’ll find out in hindsight.

weaksauce 4y ago

> On the other side, I haven't seen companies giving extra bonuses when the economy is booming. I'm sure horse and sparrow economics[0] will start working any day now... 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: "If you feed the horse enough oats, some will pass through to the road for the sparrows."

no-s 4y ago
> "If you feed the horse enough oats, some will pass through to the road for the sparrows.” sounds like a framing error to me. “Trickle-down” is a term used by critics to reframe the creation of wealth as essentially a zero-sum game. The same Wikipedia article[0] cites Thomas Sowell [1] and I find him more compelling. 0. https://en.wikipedia.org/wiki/Trickle-down_economics https://en.wikipedia.org/wiki/Trickle-down_economics 1. https://www.hoover.org/sites/default/files/uploads/documents/Sowell_TrickleDown_FINAL.pdf https://www.hoover.org/sites/default/files/uploads/documents...

taude 4y ago

Sounds like you have a common mis-conception that a lot of people who entered the workforce after 2008 have: that bonuses are a given, and part of your salary. Lot's o' people this year won't be getting their bonuses because companies aren't doing well, sales slowed, etc. The very definition of a BONUS is that's it's something you get when the times are good. (I'm sure it's the same with Stock Options, that people just assumed they'd go up, probably why all the memes about Total Comp are all over social media?)

StreamBright 4y ago
I have been in the "workforce" since 1995. What do I know about this, right? I never said what you are claiming. I simply stated the obvious. Companies exposing bad economy on employees while never give out more when economy is doing great. This is in fact true. What is the motivation and what should we do about it is a different question.
eclipxe 4y ago
Stock Options and Restricted Stock Units are different things and even without the value going up, they have an intrinsic cash value. And what memes about Total Comp?
- taude 4y ago
  My main comment was about Bonuses, btw. which, as I stated aren't guaranteed and are typically paid when companies are doing well. Options and even RSUs only have value if they go up above initial grant or strike price.