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A comment on GM self-driving tech unit Cruise laying off about 8% of staff. Parent comment

Re:GM self-driving tech unit Cruise laying off about 8% of s... by mikeyouse on Thursday May 14, 2020 @04:42PM (#23185141)
Right - we saw a lot of businesses lose 80+% of their customers before any shelter in place orders were mandated. In low margin places like bars and restaurants, it's highly unlikely many can survive with even 75% of their normal level of business.
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Re:GM self-driving tech unit Cruise laying off about 8% of s... by marvin on Friday May 15, 2020 @03:44AM (#23189878)
That just means prices will go up. Nothing is certain, of course, but those prices are low mostly because of high competition, not because people are unable to pay.

There will certainly be a bit of both, but it's not like you won't be able to find a restaurant after the pandemic.

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Re:GM self-driving tech unit Cruise laying off about 8% of s... by stevenwliao on Saturday May 16, 2020 @04:36PM (#23206987)
Some businesses' fixed costs mean raising prices won't prevent bankruptcy.

Restaurants will remain available, but will movie theaters? They were already being disrupted by streaming services.

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