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It is a big surprise because tech was in its own superheated bubble for about fifteen years ago and human beings have short memories. So perhaps that's why Warr
by Apocryphon 4y ago
It is a big surprise because tech was in its own superheated bubble for about fifteen years ago and human beings have short memories. So perhaps that's why Warren Buffett's dictum of being fearful when others are greedy is so important to remember, even in greedy times.
But 1) it seems rather disingenuous for companies to posture one way and then pull the rug under their workforce who are being sacrificed in the name of a cooling market, and 2) perhaps companies should consider other ways to pursue profitability without massive layoff sprees?