171–180 of 1001 posts
Earlier quoted context omitted.
> Global economy doesn't look that terrible. It doesn't? I was born in the 90s (so admittedly 2008 was before I started working), but the economy is looking the worst it's been in my lifetime to me.
Yeah, that's one perspective :-) Objectively, the global labor market is the hottest it has been in modern history.
"Nintendo CEO’s refusal to layoff staff goes viral following industry-wide cuts"
https://www.nme.com/news/gaming-news/nintendo-ceos-refusal-t...
I realize these companies aren't identical, but interesting to compare approaches. I also expect Amazon hires and fires more easily instead of growing more slowly and steadily.
The difference between the reaction on HN to the Amazon layoffs and the ASML layoffs is interesting. Perhaps it's driven by the fact that people here are employed by US companies and not by ASML, so we're able to admire how ASML is cutting 4% of its workforce as reducing the number of managers but Amazon cutting 1%^H^H 4% of its corporate workforce so that they can get to "reducing layers, increasing ownership, and r…
>Amazon axes 16,000 American jobs as it ... relocates to a larger campus in India https://techcrunch.com/2025/12/10/amazon-to-invest-additiona...
Earlier quoted context omitted.
I guess we just need the other shoe to drop: punish companies that are based in the US and outsource to India. It’ll happen in time if this trend continues
Then the US companies will be outcompeted by more competitive companies located outside the US. Now the US lost the jobs and the workers' income tax and the corporate tax. America cannot eternally capture a disproportionate share of global wealth, even with such rent seeking moves. It's unsustainable. We had a golden age after WW2 when we were the only undamaged industrial economy but that age has ended.
Earlier quoted context omitted.
I'm not american, but it seems to me there are enough american job seekers in CS to justify not needing H1B. I'm not sure anyway what is the relationship between the potential difficulty of hiring new folks, and firing current folks in USA to offshore roles, are relates.
> there are enough american job seekers in CS To be blunt: Not enough qualified ones. Look at the names of all the top AI papers of the past 3 years, not too many are American. When you get bullied in American public schools for being a "nerd" and liking science and math, your country doesn't exactly produce a lot of state-of-the-art STEM professionals. You get a small handful of exceptional people who overcame the a…
Its worse than that. when I lived in america, I found that being a software engineer was a dealbreaker when it came to dating most women. Imagine my surprise going to other countries and finding that my chosen profession made me high value proposition to most women.
Earlier quoted context omitted.
> it seems to me there are enough american job seekers in CS to justify not needing H1B. Anecdotal so hold on to your salt but in my social circle here in the US natural-born US citizens vs visa-holders self-select for types of jobs. For example, if my the starting pay is Not saying my US friends are uppity as much as visa holders are desperate.
> as visa holders are desperate That is the point of most of these programs. If we (as a country) do h1b, those people should be on an automatic path to a green card.
Their stock will go up the next year or two only because of their luck of partnering with Anthropic (back when they were a distant second choice to OpenAPI)
Earlier quoted context omitted.
[flagged]
It's very very easy to make stocks go up. Zimbabwe and Venezuela have stock markets that have gone up millions of times over for instance. The stock market is mostly just an inverse of currency health and tends to be inline or slightly above inflation on average, even when the economy is a complete mess. No one ever judges economic health by the stock market which you seem to be doing. You judge it be things like med…
>median wealth (currently below 2007 levels in the USA)
This is outdated -- it surpassed 2007 levels in 2022. https://www.federalreserve.gov/econres/scf/dataviz/scf/table...