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I am wondering how much of these layoffs are due to actual need by the business to cut costs, or if companies are doing this as a way to get the fed to relent o
by vinyl7 2y ago
I am wondering how much of these layoffs are due to actual need by the business to cut costs, or if companies are doing this as a way to get the fed to relent on the interest rates. That's my suspicion as companies are still making decent profit and growth despite inflation and interest rates.
- pm90 2y agoFor Tesla specifically its definitely a lot of short term financial engineering by elon to please investors. The people that work at Tesla have a cult-like culture, they will work crazy hard, pick up extra shifts, whatever to backfill. Its part of the culture.