Re:Meta and Google are cutting staff
by xracy on Wednesday September 21, 2022 @08:52PM
(#32933577)
I disagree that overfitting is a better strategy. Because if you recognize why things are happening are unrelated to profit/work at the moment you can accept that you're going to have losses regardless, and try and plan past that in the long term. Which should lead to better profits when you're not entirely dependent on the federal reserve.
In particular, hiring benefits don't take effect immediately, it's going to be a while before productivity is realized from the new hires. So it is very short-sighted to freeze that before an economic downturn, when you want new forms of revenue and innovation to allow you to outlast the competition and grow a business into something that will become the "next big thing".
Also, as a commentary, it makes it more clear that your stock is actually stable, because the only thing that's really changed is inflation and catch up to reality from the fed turning off the money hose.
In particular, hiring benefits don't take effect immediately, it's going to be a while before productivity is realized from the new hires. So it is very short-sighted to freeze that before an economic downturn, when you want new forms of revenue and innovation to allow you to outlast the competition and grow a business into something that will become the "next big thing".
Also, as a commentary, it makes it more clear that your stock is actually stable, because the only thing that's really changed is inflation and catch up to reality from the fed turning off the money hose.