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But then what about the fact that it's exposing so many firms to immense risk and essentially straight-up lying to investors as well as product adopters? No one
by kunai 8mo ago
But then what about the fact that it's exposing so many firms to immense risk and essentially straight-up lying to investors as well as product adopters? No one thought of that reality, when the chickens finally come home to roost?
- tech_ken 8mo agoMy read is that it's a mix of tech firms having overhired a lot during the ZIRP+COVID era, as well as executives having a pretty short horizon for risk if the potential bonus is large enough.
- kunai 8mo ago> executives having a pretty short horizon for risk if the potential bonus is large enough. This single line explains succinctly what is probably responsible for most of the economic dysfunction of the past 20 years
- cess11 8mo agoThere's an easy fix, you start hiring again. Probably don't even have to explain it, what happened just before was that you improved corporate finances by lowering your labour expenses, i.e. you're clearly growing and hence you need more people.