46 ms·
The Austin building was two or three CEOs ago. Every large company cancels stuff due to downturns, political changes, or just reorgs.
by wmf 2y ago
The Austin building was two or three CEOs ago. Every large company cancels stuff due to downturns, political changes, or just reorgs.
- dylan604 2y agoThings like fabs aren't something you just come up with an idea that you're going to build a new in a location and start it within weeks. It takes years to bring one online after how ever long it took to decide you want one, however long it takes to decide you will build one, however long it takes to decide where to build it, then building it, then getting it up and running. How many CEOs does that take?
- wmf 2y agoLook, I hate corporate bullshit but they will absolutely work on something for ten years then say "sunk cost fallacy" and cancel it overnight.
- lenerdenator 2y agoDid they end up paying for the wasted capital allocation and the reduction in property values that came from the area having to stare at their empty building?