Re:Gitlab to lay off 7% of staff
by Apocryphon on Thursday February 09, 2023 @12:27PM
(#34727589)
What do you feel about the figures brought up in the above posts?
https://news.ycombinator.com/item?id=34725407
Re:Gitlab to lay off 7% of staff
by FollowingTheDao on Thursday February 09, 2023 @12:57PM
(#34728229)
I feel that people do not understand Macro economics and the complexities of this market with inflated asset prices from years of near zero interest rates. You cannot compare numbers
Economic indicators may look solid, but why? I assert it is because the Fed rate is STILL below the inflation rate. This is why the housing market has not totally seized up yet. The next inflation numbers will be high and then you will see people scrambling again.
Re:Gitlab to lay off 7% of staff
by Apocryphon on Thursday February 09, 2023 @02:32PM
(#34729905)
Well, we'll see if next Tuesday will be a Bloody Valentine.
>thinking we are not in a recession
Nowhere was that stated. Hopefully you understand that both we are in a recession, and you are being misled as to why these layoffs are happening are both true. As stated, if it was purely because of the recession, the likes of Blackrock would also be hitting 5%+ layoff numbers.
> You will not see tech companies balloon to the same number of employees ever again
I remember people sating this in 1999.
> both of those reasons are amplifiers
Nope, they are canaries in the coal mine.