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Love God, Guns, and America 🇺🇸
does anyone here work for Veeva Crossix?
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Why do people hate on implementation so much?
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Probably, but not gauranteed
Seems like tech yes. Beyond that who knows
Also I wouldn't say mass... targeted at cost centers. I imagine recruiters especially
The goal of layoffs is to cut cost. Hence if there are layoffs, the people at highest risk are low performing but anyone paid a lot more than peers. Also SC, M and SMs are targeted the most.
If you are not in bottom 25%, you are generally safe unless the firm itself shuts down
Chief
Ah, the daily predict the future to allay individual anxiety post.
We don’t know. We can’t know. It’s a dynamic situation with many unknowns that are co-evolving.
We’ll have to see what happens and respond. Given the period of unknowns is unfolding rapidly and it’s a midterm election year, most people will delay making big decisions while cultivating short and mid term bets with smaller outlay. Think in bets based on risk. The many bets balance the overall risk.
Let me provide a little context. How many people knew the 2008 recession was coming? Maybe execs at the big banks. Who was prepared to take the most advantage of the economic cycle, those with cash and those who hadn’t sunk large bets into longterm plays.
Rising Star
I think only a handful were citing recession pre-2008. And many have learnt good lessons from that crisis which isn't that far in history that it's a distant memory. While the dynamics may not seem the same, there is plenty now that didn't happen at that time perhaps including overheated housing and stock market, crypto being a brand new factor, tech startups rearing head like in 2000s, inflation topping like it hasn't since the 80s, ongoing political chaos (although that is always a constant including in 2008).
Even the people that claimed they knew 2008 recession was coming were just lucky. I simply don’t believe anyone has clear knowledge. If you look back, people always say there is a recession. It’s simply a part of the cycle of the economy.
do you have the insight? Because you are Insight 😅
Rising Star
If we think about how bad the consumer affordability is, and how bad the inflation and other macro trends are, it wouldn't be a surprise that a prolonged recession hits the US. Layoffs will likley accelerate, hiring will slow down. There is no easy way out of the situation that the Fed has put this country into. Sometimes being 'too smart' can be detrimental
Rising Star
Global tensions alone are not what will drive the economy to the ground