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What are the odds this is actually due to overhiring during the pandemic? From what I know, that was the principle reason for the Amazon layoffs. Would love to
by chilipepperhott 8mo ago
What are the odds this is actually due to overhiring during the pandemic? From what I know, that was the principle reason for the Amazon layoffs. Would love to be corrected if I'm misremembering.
- toomuchtodo 8mo agoPeople keep saying it’s pandemic over hiring, but it should be called ZIRP hiring. With the cost of money almost 4x what it used to be, companies have to deliver now, not just coast on promises of growth and success that may never materialize. Have to sing for that supper. https://paulgraham.com/startuplessons.html https://paulgraham.com/startuplessons.html
- garbawarb 8mo agoI miss those days. It may have been economically silly but there was so much optimism, especially in the tech world.
- AbstractH24 8mo agoNow we're just economically silly without optimism (except for one pocket of the tech world).
- rvz 8mo agoThat is called a bubble. Now some here are about to experience a repeat of the years 2000 and 2008 put together.
- SilverElfin 8mo agoOptimism without the ZIRP bubble is the 1990s
- nxm 8mo agoPre-paid optimism that we've been paying for now with high inflation due to overstimulated economy through printed money.
- busterarm 8mo agoExcept the concensus around the Amazon layoffs is that it's a shift in free cashflow to capex spent towards ram/gpus.
- Bombthecat 8mo agoCould be also both...