Re:Tech Sector Feeling Covid-19’s Economic Pain
by 1nverseMtx on Friday July 31, 2020 @10:14AM
(#24008756)
Odd message given the timing, one day after tech giants announce strong quarterly results.
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Re:Tech Sector Feeling Covid-19’s Economic Pain
by adventured on Friday July 31, 2020 @10:23AM
(#24008824)
Most of the US tech space is still booming right now, from big tech to the dozens of large cloud companies that have been reporting between good and stellar quarterly results.
We'll see if this article's premise holds any water over the remainder of the year, for now it's weak.
Re:Tech Sector Feeling Covid-19’s Economic Pain
by fred_is_fred on Friday July 31, 2020 @10:41AM
(#24009013)
"booming" does not mean hiring. With the next few months being very uncertain, prudent companies have paused hiring to help control costs.
Re:Tech Sector Feeling Covid-19’s Economic Pain
by bdcravens on Friday July 31, 2020 @10:56AM
(#24009222)
There's no shortage of employees in our industry that don't work at big tech or large cloud companies.
Re:Tech Sector Feeling Covid-19’s Economic Pain
by bdcravens on Friday July 31, 2020 @10:54AM
(#24009184)
The tech sector is far more than those giants.
Moreover, many of the giants are seeing increased usage while everyone is home. A large amount of the industry doesn't work that way, but rather, is based on profit and loss, not share price and vanity metrics.