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The cost of being wrong in the other direction was a worse bet for them to make. Missing out on the growth was unthinkable to them. They would rather just fire
by nickthegreek 4y ago
The cost of being wrong in the other direction was a worse bet for them to make. Missing out on the growth was unthinkable to them. They would rather just fire thousands of workers than miss those possible profits.
- s1artibartfast 4y agoI think this is the critical point. It's about if they thought it was likely to happen but if it could happen. Maybe they thought it was only 5% likely, but still worth the risk and expenditure