241–250 of 531 posts
Intel ranks #14 in H1B use and was a large proponent of the bill to increase the allowance foreign tech workers. So I'm assuming their inability to find 'talent' is no longer an issue? Same as Microsoft, IBM, and the numerous other big corps that have had massive layoffs recently, while also claiming an inability to find enough US tech workers?
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100. The whole market is overvalued, not just the tech unicorns.
I don't see why job losses are a bad thing. The last generation of machines was built so well that people don't need new ones. Good! This should be a great thing. Valuing growth over sustainability makes these backwards ass goals of hiring more, building more and growing. The way this is spun is pretty horrible. Amazon and Wal-mart losing is a good thing for the environment and society as a whole. You yell, "But peop…
As long as we move quickly to "you don't need a job to live" because otherwise these job losses are destroying people's lives.
Earlier quoted context omitted.
I don't see why job losses are a bad thing. The last generation of machines was built so well that people don't need new ones. Good! This should be a great thing. Valuing growth over sustainability makes these backwards ass goals of hiring more, building more and growing. The way this is spun is pretty horrible. Amazon and Wal-mart losing is a good thing for the environment and society as a whole. You yell, "But peop…
I don't see why job losses are a bad thing. As long as we move quickly to "you don't need a job to live" because otherwise these job losses are destroying people's lives.
Large enterprise companies like this can lay off 10% anytime they want with little effect on output -- there are oodles of people slacking in big corporations basically not doing much of anything except collecting a paycheck.
And do you think these same companies are just as efficient as identifying who's slacking off? I don't think so. They may know that 10% of the company is slacking off, but they often end up amputating a hand when they meant to just trim the fingernails.
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100. The whole market is overvalued, not just the tech unicorns.
This is nothing but an asset bubble that is sure to burst someday, as is akin to what the Gov't, the credit agencies, and WS did with housing and mortgages back in the 2000's that led to the meltdown and TARP.
[1]http://www.safehaven.com/article/39140/jobs-report-moves-fed...
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100. The whole market is overvalued, not just the tech unicorns.
I don't see why job losses are a bad thing. The last generation of machines was built so well that people don't need new ones. Good! This should be a great thing. Valuing growth over sustainability makes these backwards ass goals of hiring more, building more and growing. The way this is spun is pretty horrible. Amazon and Wal-mart losing is a good thing for the environment and society as a whole. You yell, "But peop…
Earlier quoted context omitted.
Anecdote, I was an avid gamer that would upgrade whenever the price/performance was good enough for my budget. However, I bought almost top tier stuff back in 2008 and haven't upgraded the core of my system since. I don't game like I used to, but it still does everything I need it to do. I used to do yearly-ish new builds as well.
Me as well, I built an i5-2500K system backend 2010(ish), it's still my main home desktop, 32GB RAM and an SSD and it's as fast as the machine at work that is two generations newer (or more correct it's imperceptibly slower). Things have really levelled out for average loads even developer loads (mostly do web dev, run vagrant machines that kind of thing). I can't see me upgrading til this thing dies tbh.
So Intel is cutting 11% of its workforce, Goldman Sachs just reported a 56% drop in profits, Morgan Stanley had a 50% drop in profits, Netflix missed subscriber growth estimates etc... yet, the Dow just hit a 9-Month high, and the S&P500 is now above 2100. The whole market is overvalued, not just the tech unicorns.
I don't see why job losses are a bad thing. The last generation of machines was built so well that people don't need new ones. Good! This should be a great thing. Valuing growth over sustainability makes these backwards ass goals of hiring more, building more and growing. The way this is spun is pretty horrible. Amazon and Wal-mart losing is a good thing for the environment and society as a whole. You yell, "But peop…
You'll see it if you lose your job and can't find a new one, like it happens to millions of people the world over.
Add a medical or family emergency to that, and you'll totally get it.
Unemployment in the real world is not about some Sci-fi automation fantasy. Might be, but not yet. And even when historically it leads to new jobs or other benefits (something not always a given) the pain and trouble is still there for those unfortunate to be left on the wrong side of those new jobs.
Earlier quoted context omitted.
Is half of college graduates being unemployed or working a min wage job picking a narrative too? Is pointing out that wages are completely stagnant and not rising picking a narrative too? What information would you need to receive to admit the economy is not healthy?
Yes, don't go studying 17th Romantic Literature expecting a job.
Earlier quoted context omitted.
Maybe they should adjust their business to account for this new cycle of usage, and not fight it
That's why they're cutting 11% of their workforce.