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Deleting the post, I no longer wish to discuss this.

absrd 4y ago
> it seems insensitive to tell 100k+ ppl Google or Amazon fired them because "well everyone is doing it!" Is that any more insensitive than CEOs and C-suites telling laid off workers they "take full responsibility" and "had to make a difficult decision" while facing no consequences themselves?
- revlolz 4y ago
  How does this relate to my post?
deleted 4y ago
[deleted]
lapcat 4y ago
It's unclear how the fed rate directly affects high revenue high profit giants like Google, Microsoft, and Amazon.
- revlolz 4y ago
  It's very clear and has been. Larger enterprises finance debts that carry interest rates. When rates go up, costs increase. It's the exact same thing in the mortgage industry. When you go to buy a home, how much you can afford is determined by your how much you earn, how much capital you have, and the interest rate to borrow what you don't have. We're going to ignore full cash purchases because companies do not operate on full cash basis. The point to my main post is that it's asinine to relate all these layoffs as "copycatting" one another. It would be like saying you only eat food because I do and you are copying me. Or it would be like saying each of us has 10 days worth of food to survive 30 days. I implemented rationing to stretch out to the 30 days. You implemented rationing adopting the same strategy, but to say you are a "copycat" would be ridiculous.
notfromhere 4y ago
Google printed like $75B in net income, are we going to pretend that they need to do layoffs in order to stay profitable? Google isn't some startup that needs to bump metrics in order to survive until their next tranche.
- revlolz 4y ago
  I don't disagree with that sentiment at all. These company's min/max their strategy and operations regardless of the human impact and that is terible. However, I find the sentiment irrelevant to calling out a fallacy in the thinking through the article that layoffs are social contagions.
  - notfromhere 4y ago
    I wouldn't say all the tech layoffs are a social contagion. But amongst tech companies with extremely healthy balance sheets and income numbers, definitely more social than economic phenomenon.
- Animatronio 4y ago
  Yep, they totally should hire 150k people and pay each of them $500k.

> it seems insensitive to tell 100k+ ppl Google or Amazon fired them because "well everyone is doing it!" Is that any more insensitive than CEOs and C-suites telling laid off workers they "take full responsibility" and "had to make a difficult decision" while facing no consequences themselves?

revlolz 4y ago
How does this relate to my post?

deleted 4y ago

[deleted]

lapcat 4y ago

It's unclear how the fed rate directly affects high revenue high profit giants like Google, Microsoft, and Amazon.

revlolz 4y ago
It's very clear and has been. Larger enterprises finance debts that carry interest rates. When rates go up, costs increase. It's the exact same thing in the mortgage industry. When you go to buy a home, how much you can afford is determined by your how much you earn, how much capital you have, and the interest rate to borrow what you don't have. We're going to ignore full cash purchases because companies do not operate on full cash basis. The point to my main post is that it's asinine to relate all these layoffs as "copycatting" one another. It would be like saying you only eat food because I do and you are copying me. Or it would be like saying each of us has 10 days worth of food to survive 30 days. I implemented rationing to stretch out to the 30 days. You implemented rationing adopting the same strategy, but to say you are a "copycat" would be ridiculous.

notfromhere 4y ago

Google printed like $75B in net income, are we going to pretend that they need to do layoffs in order to stay profitable? Google isn't some startup that needs to bump metrics in order to survive until their next tranche.

revlolz 4y ago
I don't disagree with that sentiment at all. These company's min/max their strategy and operations regardless of the human impact and that is terible. However, I find the sentiment irrelevant to calling out a fallacy in the thinking through the article that layoffs are social contagions.
- notfromhere 4y ago
  I wouldn't say all the tech layoffs are a social contagion. But amongst tech companies with extremely healthy balance sheets and income numbers, definitely more social than economic phenomenon.
Animatronio 4y ago
Yep, they totally should hire 150k people and pay each of them $500k.