Author Topic: The layoffs will continue until (investor) morale improves  (Read 2686 times)

rcjordan

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littleman

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Re: The layoffs will continue until (investor) morale improves
« Reply #1 on: March 26, 2023, 08:35:03 PM »
The economic times are very strange right now.  Everyone wants a recession to stem inflation, but then no one wants the recession to impact their lives.  Meanwhile consumers keep spending.   These layoffs in the tech sector kind of remind me of zebras drinking at a water hole.  One zebra gets taken by a crocodile and the ones immediately next to it get a little agitated for a short while, then they all go back to normal like nothing just happened.

ergophobe

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Re: The layoffs will continue until (investor) morale improves
« Reply #2 on: March 27, 2023, 12:02:32 AM »
>>like nothing just happened

As I believe you have mentioned before, the typical time between a drop in gas prices and increase in gas guzzler purchases is usually about six months.

As a general rule, we are not good decision makers, especially when it concerns the future. We have enough trouble just choosing dinner off a menu.

ergophobe

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Re: The layoffs will continue until (investor) morale improves
« Reply #3 on: May 29, 2023, 09:51:30 PM »
You studied computer science but big tech no longer wants you. Now what?
Students at the Bay Area’s best universities once dreamed of working for Apple, Google and Meta. Then the lay-offs happened
Quote
Armed with a stack of cvs still warm from the printer, Ayara (a pseudonym) plunged into the career fair. ...But none of the faang firms was here this time. Neither were Spotify, Salesforce, Uber or Microsoft.
https://www.economist.com/1843/2023/05/15/you-studied-computer-science-but-big-tech-no-longer-wants-you-now-what