4 ms·
Interesting that everyone is so certain that we're jumping off a bridge now with layoffs, instead of that we jumped off a bridge before with the hiring spree ba
by onlyrealcuzzo 4y ago
Interesting that everyone is so certain that we're jumping off a bridge now with layoffs, instead of that we jumped off a bridge before with the hiring spree based on Covid-stimulus.
- darkwater 4y agoI don't think that a covid-related hiring spree should have affected a company like Confluent. Yeah there were probably many product companies that got more money due to Covid that wanted a managed Kafka solution, but Covid also took down other kind of companies who might have been Confluent's customers. I think it has more to do with cheap money not being cheap anymore.
- avree 4y agoThe money was cheap because of COVID. https://www.brookings.edu/research/fed-response-to-covid19/ https://www.brookings.edu/research/fed-response-to-covid19/
- piva00 4y agoMoney has been cheap since the aftermath of the 2008 crisis, it wasn't just COVID, it's been that way for more than a decade.
- darkwater 4y agoCovid made it dirty cheap but money was cheap before as well, or at least cheaper than it is now [1]. Anyway what I meant was that Confluent is not the kind of company that hired more because it thought that Covid changes in business where going to last forever (a la Shopify or Meta). [1] https://www.fxempire.com/macro/united-states/interest-rate https://www.fxempire.com/macro/united-states/interest-rate
- onlyrealcuzzo 4y agoMoney was never cheaper in the history of the US than during Covid... with 10% inflation and 0% interest rates, and a 10% deficit spending on stimulus.
- bombcar 4y agoOverhiring doesn't affect the common people (except positively) - overfiring of course affects those fired.