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Rising Star
No because most of the other FAANG and M have actual business plans for the next few years
Funny ans irresponsible. Now thousands of employees will have to pray the price of his stupidity.
Chief
When it rains it pours; many tech firms will use this time to trim fat after years of high growth
The plus is Twitter already took the brunt of the negative PR, with Meta following suit this week
Chief
WS Publicity =/= Public Sentiment
Just cause WS loves Twitter/Meta for trimming fat doesn’t mean I’ll ever go there
Anyone saying no is insane. Of course they're going to. It's simple math.. higher rates = more profit needed to clear risk adjusted hurdle rates = more focus on short term profits over long term growth = bloodbath
Chief
Most companies will also fly under the radar if not drastic layoffs. For example, amazon puts 12% in PIP, and lays off 6% YoY. The theory is that the 6% will increase to say 10% this year, with no backfills allowed because of hiring freeze. Effectively doing layoffs without making news like Meta
WSJ - Did it also write about how unemployment is at an unsustainably low rate
Chief
Nah that’s CNBC