61–70 of 143 posts
Interestingly no comments from anyone in India considering that is the largest tech market outside the US and where majority of jobs are moving to and India seems to be one of the few countries growing and projected to do well in this economic slump environment. I guess all their developers are busy working so no time for HN.
it should only affect USA. most companies depend on investor money (some to live, like tsla, uber. some because of bonuses tied to stock prices) those companies know that investor money is directly related to FED rate. if its zero, they get invested, if its high, people will put money to work elsewhere. they only lever they have to control fed rate is unemployment. they know they are hurting their business by laying…
That's so weird that layoffs have primarily been in the US, the most expensive labor market. It's almost like the layoffs aren't really out of any necessity in most cases but are just an attack on labor and labor costs. That aside, it is worth noting that a lot of other countries make it a lot more difficult to lay people off and when you do there are more protections, greater notice periods and so on. So it may just…
> That's so weird that layoffs have primarily been in the US, the most expensive labor market. It's almost like the layoffs aren't really out of any necessity in most cases but are just an attack on labor and labor costs. I can give my CFO perspective on this having been through it from that position. It's not that you had that plan, but often when faced with questionable shift in business strategy, you look for the…
Also, for more sales/ops-heavy companies, their sales teams are likely getting killed on reups, revenue/unit projections are cut, meaning that both their sales/ops teams are overbuilt purely because the customer base themselves is cutting costs.
This is how disinflation works really, and is what the Fed is trying to make us all do. The rate cuts increase a company's cost of capital (effectively the interest rate, fundraising environment, etc.) which then increases their "hurdle rate" - ie the ROI a project needs to have in order to be justified, and (in an explicit / implicit sense) the marginally low ROI projects, people, etc. are then not justified.
it should only affect USA. most companies depend on investor money (some to live, like tsla, uber. some because of bonuses tied to stock prices) those companies know that investor money is directly related to FED rate. if its zero, they get invested, if its high, people will put money to work elsewhere. they only lever they have to control fed rate is unemployment. they know they are hurting their business by laying…
2. Inflation is high the world over and central banks have hiked rates everywhere.
3. An individual company has a negligible impact on unemployment figures. If you're thesis was actually true, it makes no rational sense for a company to layoff workers.
it should only affect USA. most companies depend on investor money (some to live, like tsla, uber. some because of bonuses tied to stock prices) those companies know that investor money is directly related to FED rate. if its zero, they get invested, if its high, people will put money to work elsewhere. they only lever they have to control fed rate is unemployment. they know they are hurting their business by laying…
Great comment, spot on. Incentives drive behavior. This explains it correctly and cogently.
Most of my friends are okay in their current jobs. When I apply for new jobs, mostly crypto companies are replying.
Most companies stop hiring.
That's so weird that layoffs have primarily been in the US, the most expensive labor market. It's almost like the layoffs aren't really out of any necessity in most cases but are just an attack on labor and labor costs. That aside, it is worth noting that a lot of other countries make it a lot more difficult to lay people off and when you do there are more protections, greater notice periods and so on. So it may just…
Poland. On one hand it’s a bit slower on the other Google here hiring like crazy, Netflix opening up an office, Shopify acquiring whole companies… To me it seems like big tech fires in the US then look for cheaper workforce elsewhere. Or maybe just a coincidence?