Re:Ask HN: What are the lockdown *factual* impacts on your job?
by em10fan on Wednesday April 01, 2020 @05:53AM
(#22747144)
> The market is in trouble.
To elaborate on this,
1) Banks are worried people won't pay their mortgages/loans/cards and they will crash
2) Banks therefore don't buy our stuff, or will seek to pay less for it.
3) We therefore look to cut costs
Everyone is taking the cuts, because there aren't any other firms recruiting right now.
To elaborate on this,
1) Banks are worried people won't pay their mortgages/loans/cards and they will crash 2) Banks therefore don't buy our stuff, or will seek to pay less for it. 3) We therefore look to cut costs
Everyone is taking the cuts, because there aren't any other firms recruiting right now.