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Tell HN: DigitalOcean is doing layoffs

news.ycombinator.com

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Re: Tell HN: DigitalOcean is doing layoffs

#52

Post by sokoloff »

btbuildem wrote: post #43
chasd00 wrote: post #15

Earlier quoted context omitted.

The FED wants unemployment to go up which will drive demand, and therefore prices, down. That will reduce inflation.

Prices never come down. Except maybe gasoline, after it jumps high in a panic now and again. Everything else just ratchets up, always. The best I can understand it, the low interest rates encourage lending / borrowing, which expands the money supply. As the supply of real goods and services is not keeping up, theres more money than goods, so prices of everything go up. Layoffs are a way of keeping wages down, but tha…

Some categories do deflate over time. Consumer electronics, cell phone services, toys are examples that are cheaper now than 10, 20, or 30 years ago.

You can get a 43" 1080p TV for $150: https://www.bestbuy.com/site/insignia-43-class-n10-series-le...

Re: Tell HN: DigitalOcean is doing layoffs

#53

Post by chasd00 »

steve-atx-7600 wrote: post #45
arcturus17 wrote: post #9

Earlier quoted context omitted.

Very sorry to hear that, though you seem to have a fairly good outlook about it. Excuse me if it's callous to ask this at this time, but as I've been observing layoffs and been hearing that people are immediately shut down from their systems, I'm wondering: how do they communicate it to you if you can't access your email? Do they reach out to your personal email, call you, send you a letter? I might understand revoki…

I don't understand why it's necessary to treat employees with such sudden distrust. It is necessary to immediately cut off all access? These employees aren't being fired because they are suspected of perpetrating a crime, right? I I understand the need for layoffs, but I can't respect an organization/leadership that treats people so coldly. This behavior also affects non-fired employees that may have a need to ask kn…

i think policies like this are related to insurance. Like the business insurance agreement dictates all access will be removed asap once a person is no longer an employee of the company. Something like that. It's not a "i don't trust this person so immediately lock their account" kind of situation.

Re: Tell HN: DigitalOcean is doing layoffs

#54

Post by HDThoreaun »

btbuildem wrote: post #43
chasd00 wrote: post #15

Earlier quoted context omitted.

The FED wants unemployment to go up which will drive demand, and therefore prices, down. That will reduce inflation.

Prices never come down. Except maybe gasoline, after it jumps high in a panic now and again. Everything else just ratchets up, always. The best I can understand it, the low interest rates encourage lending / borrowing, which expands the money supply. As the supply of real goods and services is not keeping up, theres more money than goods, so prices of everything go up. Layoffs are a way of keeping wages down, but tha…

Commodity prices fluctuate wildly. That means food.

Re: Tell HN: DigitalOcean is doing layoffs

#55

Post by wwkeyboard »

arroz wrote: post #23
alephnerd wrote: post #16

Earlier quoted context omitted.

To combat inflation in the housing market. A subset of White collar professionals (such as those in Tech, Real Estate, Finance) ended up earning so much that housing became unaffordable as a small but significant minority began buying multiple investment properties https://www.politico.com/news/2021/11/10/rent-inflation-bide... https://www.politico.com/news/2022/12/31/labor-market-high-i... “Tech and finance are taki…

Tech workers are a small portion of workers overall

HN has a lot of main character syndrome. Anyone posting here is closer to 1/330,000,000th of Jay Powell's concern.

Re: Tell HN: DigitalOcean is doing layoffs

#56

Post by AFriendlyBeagle »

jalino23 wrote: post #13
saos wrote: post #10

Earlier quoted context omitted.

> My point is, layoffs will continue until companies are much more efficient, or interest rates go down. Exactly what the FED wanted.

how does interest rate affects company layoffs and why is being more efficient affects that? and why would FED want this? - serious question

Increasing interest rates can discourage investment by making it more expensive to borrow money, and by increasing the yield of savings relative to available investment targets.

Corporations seeking investment in this climate might try to attract it by increasing the expected return on investment, which would involve committing fewer resources or achieving greater returns - being "more efficient".

Labour costs are typically one of the main outgoings for a corporation, and so they might try to increase their rate of return by eliminating positions which are considered to be producing too few returns.

The Federal Reserve might want this because they believe (erroneously, in my view) that high employment is the main contributing factor for inflationary pressure.

Re: Tell HN: DigitalOcean is doing layoffs

#57

Post by tjpnz »

der-erlkonig wrote: post #48

Hearing that a lot of Community teams were let go, including the teams responsible for tutorials. Seems obvious DigitalOcean doesn't care about developers anymore. But this has been obvious for a while now. I guess their value "Our Community is bigger than just us" only matters when profits are up. Pour one out for DigitalOcean. It's the end of an era.

That's a shame given the quality of their content. I wonder what this means for CSS Tricks.
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