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It's not purely about the recession. If it was, they would halt hiring, keep talent, trim executive bonuses, and be precise about where dead weight exists. Not
by waboremo 4y ago
It's not purely about the recession. If it was, they would halt hiring, keep talent, trim executive bonuses, and be precise about where dead weight exists. Not 5%+ layoffs of major teams and roles.
You see other industries, they're laying people off sure, but we're not talking 5%+. They're doing the above, being more precise about their spending. Like Blackrock, huge losses, and still "only" let go of 500/16000, ~3%.
You will not see tech companies balloon to the same number of employees ever again, if anything they will continue to shrink astronomically. No matter what happens to the economy, as these decisions are not because of the recession or the pandemic, both of those reasons are amplifiers not sources.
- FollowingTheDao 4y agoWell, I am glad top see so many people deluded and thinking we are not in a recession. The only reason it doe snot look like a recession yet is because inflation is still higher then the Fed Rate. This is why the Industrials are not layoff as many people yet. > You will not see tech companies balloon to the same number of employees ever again I remember people sating this in 1999. > both of those reasons are amplifiers Nope, they are canaries in the coal mine.
- deleted 4y ago[deleted]
- Apocryphon 4y agoWhat do you feel about the figures brought up in the above posts? https://news.ycombinator.com/item?id=34725407 https://news.ycombinator.com/item?id=34725407 https://news.ycombinator.com/item?id=34727185 https://news.ycombinator.com/item?id=34727185 https://news.ycombinator.com/item?id=34726977 https://news.ycombinator.com/item?id=34726977
- FollowingTheDao 4y agoI feel that people do not understand Macro economics and the complexities of this market with inflated asset prices from years of near zero interest rates. You cannot compare numbers Economic indicators may look solid, but why? I assert it is because the Fed rate is STILL below the inflation rate. This is why the housing market has not totally seized up yet. The next inflation numbers will be high and then you will see people scrambling again.
- Apocryphon 4y agoWell, we'll see if next Tuesday will be a Bloody Valentine.
- waboremo 4y ago>thinking we are not in a recession Nowhere was that stated. Hopefully you understand that both we are in a recession, and you are being misled as to why these layoffs are happening are both true. As stated, if it was purely because of the recession, the likes of Blackrock would also be hitting 5%+ layoff numbers.