3 ms·
>Anytime I see layoffs like this, All I hear is "We hired for the sake of hiring when money was cheap and we wanted to signal 'growth', But now reality has set
by hammock 3y ago
>Anytime I see layoffs like this, All I hear is "We hired for the sake of hiring when money was cheap and we wanted to signal 'growth', But now reality has set in and we need our employees to serve a purpose beyond simply headcount".... In my opinion they did these employees a disservice by hiring them in the first place. We need our companies to act more responsibly regardless of the price of capital. Innovate sure, but don't fill up your tank when gas is cheap just to do doughnuts in the parking lot.
I struggle to understand comments like this one. Spotify were being responsible at the time. Their employees are not 30-year mortgages, they are volunteer employees given no promise of continued employment.
Through a few degrees of separation it all boils down to "we could do X when prime interest rates were 3%, and now they are 8% we can only afford Y"
- notpachet 3y ago> They were being responsible at the time. Another strong contender for humanity's future epitaph.
- hammock 3y agoRemember hindsight is 20/20. If capitalists were as risk-averse as some would like, we'd be stuck in the past forever
- morelisp 3y ago> we'd be stuck in the past forever You say this like it's self-evident it's a bad thing, but it's not, even if I'm a middle-class white guy in 1975, let alone an Oneida in 1475.
- notpachet 3y agoI get annoyed with comments like yours that reach for absolutisms to try and make a point. No, we wouldn't be stuck in the past "forever". We may just move more slowly into the future than you would prefer. Given our historic inability to predict the long-term externalities of present-day technologies, I'd say a more cautious approach is warranted compared to the current YOLO strategy. The only way the human race becomes stuck in the past forever is if it goes extinct.