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It's not as if those recessions were partly the result of quant software making poor decisions.
by TheOtherHobbes 3y ago
It's not as if those recessions were partly the result of quant software making poor decisions.
- rsynnott 3y agoMy point is that a surprising number of hiring/layoff decisions are essentially made based on recessions which _never actually happen_. Possibly the most spectacular in recent years was in early 2020, when a bunch of tech companies laid off their recruitment staff in prep for the recession which was surely coming... That didn't generally work out well for them.