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A comment on Tiger Global, hit by $17B in hedge fund losses, has nearly depleted its VC fund. Parent comment

Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by hderms on Tuesday May 10, 2022 @11:13PM (#31335459)
What would make you think that tech offers will go down? Why would a company making X revenue per engineer not offer a maximum of something like 80% of X?

Not to mention inflation and low unemployment numbers. even if what you're saying is true, how could it stay that way for longer than a year or so

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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by missedthecue on Tuesday May 10, 2022 @11:26PM (#31335543)
Because they might be able to get the labor they want for less than 80%?
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Re:Tiger Global, hit by $17B in hedge fund losses, has nearl... by cannaceo on Tuesday May 10, 2022 @11:49PM (#31335652)
Because revenue doesn't matter right now. Net income after taxes (NIAT) does.

Engineer salaries have been subsidized by VC and low interest rates. Now that that's drying up layoffs are coming and under-funded companies will start folding. Labor will (hopefully) be efficiently reallocated towards companies that can actually generate profits from that labor. The number of tech companies that can do that are few.

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