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indeed they are, but it should also be noted that the same investors were behind the hiring spree in 2021-2022 - FAANG massively expanded hiring (as it most of
by hunglee2 4y ago
indeed they are, but it should also be noted that the same investors were behind the hiring spree in 2021-2022 - FAANG massively expanded hiring (as it most of tech tbf) as we all raced for a bigger slice of that juicy globalised, digitised, remote first future we all thought was gonna be happening. Different world now, as we are in hostile de-globalisation, meaning smaller markets, increased costs, less trade - and therefore less investor return
- twelve40 4y agoyeah, like, where was that same guy a year ago? cheering on as they went on a hiring spree?
- vt100 4y agoHedge funds aren't married to the stocks they own. They'll buy and sell or even short depending on what the next short-term price move will be. As long as the price moves and they predicted it (possibly because they caused it), it's all good for them.
- hunglee2 4y agoeveryone was cheering, it was boom times. The reality is that Putin's war reset the table, and set the entire world down a different path. These lay offs - as tough as they are for the individuals concerned - are a part of that pivot