The article is written by an accelerator that is seeking the laid off to do business with them: http://1m1m.sramanamitra.com
It is a PR piece not journalism.
Tech Layoffs for 2016 Projected to Be Deep
21–30 of 46 posts
Re: Tech Layoffs for 2016 Projected to Be Deep
#22Earlier quoted context omitted.
A colleague at a previous firm took his severance pay, and opened a coffee shop, right in the tech area. He does very well now, even worried about their jobs, everyone still seems to buy expensive coffee!
>>He does very well now Does he really? That's very surprising. In a previous life, coffee shops used to be a big part of my client-base[1]. Out of all the coffee shop owners I knew, I didn't know a single one who wasn't worried about putting food on the table. It's a very cut-throat business with lots of competition, and even if you're located in an expensive area, the margins tend to be razor-thin. [1]I learned an…
In London, the coffee scene in shoreditch/the city does very very well.
Re: Tech Layoffs for 2016 Projected to Be Deep
#23Earlier quoted context omitted.
A colleague at a previous firm took his severance pay, and opened a coffee shop, right in the tech area. He does very well now, even worried about their jobs, everyone still seems to buy expensive coffee!
>>He does very well now Does he really? That's very surprising. In a previous life, coffee shops used to be a big part of my client-base[1]. Out of all the coffee shop owners I knew, I didn't know a single one who wasn't worried about putting food on the table. It's a very cut-throat business with lots of competition, and even if you're located in an expensive area, the margins tend to be razor-thin. [1]I learned an…
"I didn't know a single one who wasn't worried about putting food on the table"
You can put pretty much everyone that owns a business or works into this category. Unless you are the top 1% or have a VC subsidized lifestyle, you are always worried about putting food on the table.
Most businesses in that industry have thin margins. But it doesn't stop people from being successful. In my hometown there are at least 5 competing independent coffee shops that are all doing pretty well.
Re: Tech Layoffs for 2016 Projected to Be Deep
#24Earlier quoted context omitted.
>>He does very well now Does he really? That's very surprising. In a previous life, coffee shops used to be a big part of my client-base[1]. Out of all the coffee shop owners I knew, I didn't know a single one who wasn't worried about putting food on the table. It's a very cut-throat business with lots of competition, and even if you're located in an expensive area, the margins tend to be razor-thin. [1]I learned an…
In London, the coffee scene in shoreditch/the city does very very well.
Doesn't the costa coffee machines with their claim to quality strongly affect that business ?
Re: Tech Layoffs for 2016 Projected to Be Deep
#25Re: Tech Layoffs for 2016 Projected to Be Deep
#26Re: Tech Layoffs for 2016 Projected to Be Deep
#27When a company is in serious financial trouble, layoffs might be a way of saving it, but outside of emergency, does anyone think that laying off larger parts of the workforce is a good idea long term? Next thing is, we read about shortages of skilled engineers...
It depends. There's some business units that just don't make any sense to keep funding. They may have become uncompetitive, technology could have made their business model obsolete.
There's a whole host of reasons why it would be smart to lay off a big part of the workforce.
Mostly, it just comes down to getting a better return on invested capital elsewhere.
Re: Tech Layoffs for 2016 Projected to Be Deep
#28Re: Tech Layoffs for 2016 Projected to Be Deep
#29The article is written by an accelerator that is seeking the laid off to do business with them: http://1m1m.sramanamitra.com It is a PR piece not journalism.
You're being generous calling it PR. It's pretty much just an advertisement.
To be fair, that's pretty clear upfront.
My main problem is that they don't provide any references for all these layoff numbers. That would have been nice. Of course, they didn't do that probably because the numbers are BS.
Re: Tech Layoffs for 2016 Projected to Be Deep
#30The article is written by an accelerator that is seeking the laid off to do business with them: http://1m1m.sramanamitra.com It is a PR piece not journalism.
You're being generous calling it PR. It's pretty much just an advertisement. To be fair, that's pretty clear upfront. My main problem is that they don't provide any references for all these layoff numbers. That would have been nice. Of course, they didn't do that probably because the numbers are BS.
The article is referencing:
http://www.informationweek.com/strategic-cio/10-top-tech-com...