4 ms·
Honey, I overhired during the pandemic and I need a scapegoat for the layoffs!
by LogicFailsMe 5mo ago
Honey, I overhired during the pandemic and I need a scapegoat for the layoffs!
- mapontosevenths 5mo agoThats been mostly straightened out for years. This is tariffs, oil, and uncertainty more than anything. When I worked in finance the thing that made the analysts happiest was a split election wherein neither side could accomplish much. We now have the opposite of that, and worse a capricious leader who makes huge changes without much justification or explanation. Pressing "shuffle" on the economic policy doesn't help anyone. To finance the best government is the least effective government.
- winrid 5mo agoFun fact the US government was designed to be ineffective on purpose. It's not supposed to do much by design
- deleted 5mo ago[deleted]
- brazukadev 5mo agoThe US government is far from ineffective, it might just have been designed to not benefit the people.
- deleted 5mo ago[deleted]
- winrid 5mo agoHow does it not? We have a ton of social programs.
- brazukadev 5mo agoit is the richest country in the world, mate. Every citizen should get a comfortable life, not just a $1,000 check. But most of the money must go to the military and Wall Street.
- winrid 5mo agoYou know the military is composed of citizens right? Our largest spending category is Social Security at 22%, Medicare at 14%, and then there's Veterans Benefits at 6%. So most of the money spent is for the people. Defense is 13%.
- mapontosevenths 5mo agoSocial security shouldn't count as spending at all, unless you are an actual accountant, and Veterans benefits ARE Defense spending to normal people. Which means that we spend 19% on so called 'defense', and it is our largest category of spending, far outstripping the next highest category of spending.
- winrid 5mo agoI'm so freaking glad I'm not normal.
- mapontosevenths 5mo agoI meant normal as opposed to accountant, but I see why you read it that way. Sorry about the misphrasing.
- LogicFailsMe 5mo agoyou just keep right on believing that but I'm on the front lines and we still have plenty of people that need to be laid off and we need a reason so AI is as good a reason as any other.
- mapontosevenths 5mo agoI'm sure there are some organizations that have yet to correct. Most already have.
- LogicFailsMe 5mo agoIn a world where most is logically equivalent to few or some, and it is, this is a weak flex.
- mapontosevenths 5mo ago"Most" means "the greatest amount", or to be pedantic more than the alternative. In common usage it implies a number closer to 100%. I believe I'm accurate in saying that most employers who overhired during COVID corrected long ago. Especially in tech. The layoffs have been ongoing since 2022. Wih more than 127k just in tech last year.[0] For most people COVID ended half a decade ago. Though technically the WHO called it in May of 2023, three years ago. [0] https://news.crunchbase.com/startups/tech-layoffs/ https://news.crunchbase.com/startups/tech-layoffs/
- LogicFailsMe 5mo agoThat's modern logic, sure, but Aristotelian logic argues otherwise. I know it's not true yet of Amazon, Meta, and Google. They may say otherwise. TLAs say lots of things and hope you forget they ever said them when they are proven wrong, but all my idiot canaries for my claim remain in place in all three companies. Layoffs are a blunt force weapon and little warms the cockles of my heart more than knowing they are still draining that shareholder value(tm).
- t-writescode 5mo agoPandemic was 4-5 years ago. That’s no longer an excuse.
- LogicFailsMe 5mo agoaccording to you.
- izacus 5mo agoWell, it might be according to you, but it's still wrong.
- LogicFailsMe 5mo ago[flagged]
- setsewerd 5mo agoYeah, the more data that comes out on the "AI employment disruption" the more it becomes apparent that AI is just an investor-friendly excuse to do the layoffs they were going to do anyway.
- delfinom 5mo agoIt is an executive friendly excuse. No executive will ever want to say they made poor decisions that resulted in overhiring. Instead, someone else's fault. The same way for awhile the failings of certain businesses "those damn millennials refusing to spend money here" instead of "we priced ourselves out of the market".