bagacrap

34 ms·

601.
by bagacrap 4y ago
Jerome Powell
602.
by bagacrap 4y ago
Yes, clearly certain product areas were targeted which makes obvious business sense. But you're making it sound like high performers were actually targeted by these layoffs, which is patently ridiculous. My own anecdata confirms that &
603.
by bagacrap 4y ago
If you're as well known and beloved (and well-compensated) as Chris DiBona you are probably better-equipped to handle a layoff.
604.
by bagacrap 4y ago
I would take it a step further and deny that the layoffs were botched. How are you supposed to broadcast this information such that everyone learns at the same time and in the right way? Of course badges stop working when you're let go
605.
by bagacrap 4y ago
I think this is a ridiculous take. Just because Google uses algorithms to handle millions of queries without human intervention does not mean they use algorithm in HR. Do you also believe Google's hiring process is devoid of human inte
606.
by bagacrap 4y ago
Is there something about a tenure of that duration which precludes someone from underperformance? Lots of middling engineers in the 15-20 year range are likely to be coasting and over-compensated relative to their output. But those with a l
607.
by bagacrap 4y ago
> "in this case, layoffs were done with at most marginal regard to performance". Do you actually believe this to be the case? Why on Earth would Google do this? You are not privy to either the list of employees who were let go
608.
by bagacrap 4y ago
A CEO looking at the economic climate of 2020-2021 and thinking they needed to hire to support the growth in demand for their products is not being negligent, they simply lacked the crystal ball that would have told them the Fed was going t
609.
by bagacrap 4y ago
Maintain a broadly diversified portfolio. If you have money to invest, try to avoid tech, since it's highly correlated with your employment situation. Keep costs low and savings high. Also most importantly don't read the news. I h
610.
by bagacrap 4y ago
You likely have to go on a hiring spree and pay large bonuses to stay competitive when others are doing the same. Without the benefit of hindsight it was not obvious that the free money era would end so abruptly. Even the Fed did not expect
611.
by bagacrap 4y ago
why do retail traders "need" to exist? Retail traders realistically have only luck to rely on to beat hedge funds and banks. What they do is akin to gambling, which is on net quite negative for those who participate in it and heav
612.
by bagacrap 4y ago
I guess I imagined that "store in a store" I involved some kind of API that allows third parties to integrate with the Google store and list its own apps along Google-vetted apps. If all it requires is that the Valve store app be
613.
by bagacrap 4y ago
I agree everyone doesn't know how to invest well. Some people even advise stock picking! :) But the problem of some people not being rich is not simply because they can't invest well. First, obviously, not everyone can be rich. Se
614.
by bagacrap 4y ago
Correct. The true function of a hedge fund is not to beat the market over the long haul, which is generally impossible. The goal is to avoid losing huge amounts of wealth, for people who have way more money than they need. Hence the name --
615.
by bagacrap 4y ago
I agree the cultures are different and I think more Indian people are driven into the field of software who perhaps shouldn't be there based on natural inclinations, but I disagree strongly as to the degree to which this is an issue
616.
by bagacrap 4y ago
they don't really provide any details to back up that claim, but I will say there's nothing about tenure that compels one to be a good employee. Let's hope for the sake of justice they managed to weed out those who have trans
617.
by bagacrap 4y ago
clearly no one here believes it's possible to comply with this order on such a compressed timeline, but how does the judicial authority believe it's in any way possible?
618.
by bagacrap 4y ago
isn't "evaluating sources" the exact problem of web search that Google has been throwing billions of dollars at for many years, with an equivalently dedicated and motivated horde of SEO specialists on the other side? How is c
619.
by bagacrap 4y ago
indeed. Sundar has said that he takes responsibility for the mismanagement of the company's resources over the last few years, but it's not clear what that actually means. I have some faith in Ruth Porat but they need a c-suite me
620.
by bagacrap 4y ago
the web might just lack genuine, useful, reliable information for most queries. People here love to remark that they prefix every query with "reddit" but ime the only difference is that they've tricked themselves into thinkin
621.
by bagacrap 4y ago
their market share in the total ad market is very far from a monopoly
622.
by bagacrap 4y ago
Google has really stayed true to its mission: connect people and information. When I'm sitting at my desk and in focus mode, I get information by opening a web browser and navigating to google.com. But if they hadn't invested in C
623.
by bagacrap 4y ago
they are out of social? what is YouTube? To me it's almost indistinguishable from Instagram at this point. The only difference is that some of the content I consume on IG is from my friends, but those are not monetizable interactions a
624.
by bagacrap 4y ago
I don't understand how this is different from what Google currently provides, except that it skips one step (navigating to wire cutter, selecting some text and right clicking, then "search web for [product name]"). The only d
625.
by bagacrap 4y ago
Yea, programmers =/= arc welders or flight attendants.
626.
by bagacrap 4y ago
> Layoffs often do not cut costs I guess you can put "often" in front of any statement and be not wrong. But obviously letting go expensive workers is going to reduce costs. > Layoffs often do not increase stock prices They&
627.
by bagacrap 4y ago
I don't think IBM would be my next choice after getting laid off from Meta. There are plenty of tech jobs available at healthy companies outside of the "tech industry".
628.
by bagacrap 4y ago
Which is why you're supposed to buy all world indexes like VT. If that doesn't work, it's likely nothing will have (besides gold and ammo).
629.
by bagacrap 4y ago
Is there a strategy that reliably beats buy and hold? Obviously not or everyone would do it. And no investment professional worth their salt would advise to buy individual companies to hold for the long term (almost all will go out of busin
630.
by bagacrap 4y ago
inverted yield curve seems to be the main focal point of the worry warts out there

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