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The cheap money thing doesn’t pass muster, Cisco had yearly layoffs for the past ~15 years even when interest rates were zero. Google was founded when rates wer
by laidoffamazon 3y ago
The cheap money thing doesn’t pass muster, Cisco had yearly layoffs for the past ~15 years even when interest rates were zero. Google was founded when rates were equivalent to what they are now, and as a high revenue company not even as sensitive to borrowing rates as startups and funds.
You’re repeating a cliche without thinking about it deeply.
- netbioserror 3y agoThat was then, this is now. Huge amounts of recent tech hiring were driven by barrel-bottom interest rates and massive stock inflation as people everywhere hedged during covid. The hikes ended the gravy train to a limited degree.