91–100 of 184 posts
It varies depending on the context of each recession. For the likely upcoming recession, energy/industrial/agriculture/real estate. In other words, hard assets, manufacturing, and commodities.
I would say its more based on companies than industry. If the company is not profitable, has Big companies that make money, google, apple, etc will be fine. For medium sized companies if you involved in a unit that makes the company money or run core infrastructure you should also be fine. For smallish companies if they survive you better hope you are single point of failure and if you left things would be in a bad s…
It's an industry built on top of a cat and mouse game and so will always be required in some capacity, and things like breaches and fines are recession invariant.
Skimp on security at your own risk.
Probably most, if not nearly all; tech is eating everything.
I work at a startup currently and am wondering if it’s time to start job hunting at the big companies because I worry about stability. There will be some flood of labor soon I can feel it in the air and I want to get in before that
Keep a robust emergency fund on hand, always be networking, just be prepared for the separation call. Low burn rate + emergency fund + unemployment insurance = safety net during a recession. If you have any health issues you’ve been putting off having addressed, do it now while you have insurance.
Or are there reputable private insurers?
I suppose we could also frame the question as which tech companies and industries will NOT do well during the recession. I think that streaming services will not do well. People will return to torrenting and piracy. Same with crypto trading platforms. Basically any place where Joe Average can't afford to spend more than he has on hand. Tesla will see a big drop too, as people will cash out to buy their groceries. As…
Power Systems or certain companies in the healthcare space? I was working in a company making software for utilities and oil & gas companies (think competition to GE, Siemens etc). Don't think this will ever be slowed down or have to lay off people specifically due to a 2008-09 like recession
I worked in computer hardware for oil & gas, there was a turndown around 2014-2015 that slowed the demand for a lot of our products. Not quite enough for layoffs or anything, but that industry can slow down quite a bit depending on market cycles.
Healthcare is also a tricky one, I'm in that now. You'd think it's safe because "everybody needs healthcare", but hospital capital equipment sales slowed a good deal due to lots of elective procedures being cancelled for months on end during different periods of the pandemic. New product launches delayed, incessant supply chain headaches on everything electronics (and other stuff too), it's a rough time for low/mixed volume manufacturers like you see in most healthcare.
I suppose we could also frame the question as which tech companies and industries will NOT do well during the recession. I think that streaming services will not do well. People will return to torrenting and piracy. Same with crypto trading platforms. Basically any place where Joe Average can't afford to spend more than he has on hand. Tesla will see a big drop too, as people will cash out to buy their groceries. As…
I would disagree - when average Joe loses his job due to a recession they are going to need some form of entertainment to fill their now wide-open schedule. People here might find torrenting and piracy pretty trivial but the average Joe is going to find it a much bigger hurdle than simply logging into Netflix and pressing go.
Earlier quoted context omitted.
What kind of luxury products cater to only (or even primarily) the extremely wealthy? Superyachts, airplanes, maybe some exclusive villas/hotels, what else? Even supercars are bought by the merely "very" wealthy, who may be affected.
For a watch analogy, consider Tissot vs Omega. The former is considered an "entry-level luxury" brand with many offerings around the $1000 mark, while the latter is a true luxury brand with most offerings in the range of tens of thousands of dollars. Pretty much any broke person can get a Tissot to appear well-off, if they want it hard enough. For a car analogy, consider BMW vs Aston Martin. Many people in an unfavou…
What percentage of Aston Martin buyers are 7-figure buyers as opposed to 9-figure buyers? I'm wildly guessing it's a big percentage, since there just aren't as many 9-figure buyers? Do we have any way to know?