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Do you not think the competitors are going to have to reduce heads too? There is some denial amongst the startup community at the moment - this recession will
by mtkd 18y ago
Do you not think the competitors are going to have to reduce heads too?
There is some denial amongst the startup community at the moment - this recession will be very long, very painful and few will be exempt - those that cut early and cut deep may survive okay - if they have revenue.
- natrius 18y ago"There is some denial amongst the startup community at the moment - this recession will be very long, very painful and few will be exempt" That is not the consensus among economists: http://www.voxeu.org/index.php?q=node%2F2785 http://www.voxeu.org/index.php?q=node%2F2785 IBM expects a good 2009: http://www.nytimes.com/2009/01/21/technology/companies/21blue.html?scp=2&sq=ibm&st=cse http://www.nytimes.com/2009/01/21/technology/companies/21blu...
- mtkd 18y agoIBM and other major hardware companies will still be living off budget spends that were set in 2007 and 2008 - these will not be reoccuring in 2009. Enterprises now have vast quantities of surplus desktops and servers because of redundancies and contraction in the markets they operate (a recession is a contraction) - whatever you needed 3 servers for in 2008 you only need 2 now. IBM are also living off the massive defence and security budgets under the Bush administration - this is all coming to an end. They are in for a very painful 09 H2 and 2010. Any tech hardware company who thinks they are exempt from this is off their heads. And any economist blogger who thinks this will all be over in 09 H2 is just whoring for pageviews.