4 ms·

I think you misunderstand. The reason people cut staff was fear of the upcoming recession as a result of the overnights rates going up. It still might happen

I think you misunderstand. The reason people cut staff was fear of the upcoming recession as a result of the overnights rates going up. It still might happen as it is clear people are feeling the pinch of the rates. Your argument is a bit of a stretch. Class warfare is some strong rhetoric that I don't think many people have adopted.

burkaman 3y ago
https://twitter.com/FinancialReview/status/1701440109948887057 https://twitter.com/FinancialReview/status/17014401099488870...
- boringg 3y ago
  The reference point you are using is a CEO of an Australian physical space developer -- not someone who has any meaningful opinion that would be equivalent in the tech world. As well - as his business is development (like physical spaces) he is probably in a world of hurt with the interest rates absolutely killing the business model. Look at how much the real estate world and big developers have been crippled (I'm not saying you should feel bad for them - they took on that risk when they over levered themselves and reap what they sow). However I imagine because they are taking on losses their staff are going to feel the pain as are the investors (my speculation). My point is your reference is a bad one for the topic of the thread.
sdenton4 3y ago
Unfortunately, only a few people - the hedge fund folks - need to adopt class warfare for it to be a reality. There's piles of evidence that companies have been using the fears of recession and cover of inflation to increase prices simply to pad profit margins by increasing prices and lasting people off. That's the rich fucking over the poor and the working classes; or, as some might call it, class warfare.
- RandomLensman 3y ago
  That is really not how these things tend unfold within a corporation. There will be pitches to executives around how to price better, cut costs, strengthening in recession etc. - all designed to increase the firms objective function and then things will be actioned. It's like some weird AI.
  - sdenton4 3y ago
    We looked at our baked products line and found that we could increase shareholder value by improving the pricing model on our lowest-tier offering. Anyone who doesn't like it will have the option of engaging with our higher-tier offering, whose prices will remain unchanged.
Fauntleroy 3y ago
Avoiding the "rhetoric" doesn't make the current class war any less real. The numbers paint an extremely bleak picture.

burkaman 3y ago

https://twitter.com/FinancialReview/status/1701440109948887057 https://twitter.com/FinancialReview/status/17014401099488870...

boringg 3y ago
The reference point you are using is a CEO of an Australian physical space developer -- not someone who has any meaningful opinion that would be equivalent in the tech world. As well - as his business is development (like physical spaces) he is probably in a world of hurt with the interest rates absolutely killing the business model. Look at how much the real estate world and big developers have been crippled (I'm not saying you should feel bad for them - they took on that risk when they over levered themselves and reap what they sow). However I imagine because they are taking on losses their staff are going to feel the pain as are the investors (my speculation). My point is your reference is a bad one for the topic of the thread.

sdenton4 3y ago

Unfortunately, only a few people - the hedge fund folks - need to adopt class warfare for it to be a reality. There's piles of evidence that companies have been using the fears of recession and cover of inflation to increase prices simply to pad profit margins by increasing prices and lasting people off. That's the rich fucking over the poor and the working classes; or, as some might call it, class warfare.

RandomLensman 3y ago
That is really not how these things tend unfold within a corporation. There will be pitches to executives around how to price better, cut costs, strengthening in recession etc. - all designed to increase the firms objective function and then things will be actioned. It's like some weird AI.
- sdenton4 3y ago
  We looked at our baked products line and found that we could increase shareholder value by improving the pricing model on our lowest-tier offering. Anyone who doesn't like it will have the option of engaging with our higher-tier offering, whose prices will remain unchanged.

Fauntleroy 3y ago

Avoiding the "rhetoric" doesn't make the current class war any less real. The numbers paint an extremely bleak picture.