Re:DigitalOcean Is Doing Layoffs Right Now
by sf_rob on Wednesday February 15, 2023 @10:26AM
(#34805030)
You are correct. The FED is not targeting tech workers as implied above; they do not have a granular "toolkit" at their disposal. Although workers in growth industries will be harder hit due to valuations being based on future cash flows.
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Re:DigitalOcean Is Doing Layoffs Right Now
by alephnerd on Wednesday February 15, 2023 @10:44AM
(#34805308)
I never implied the Fed is targeting tech. I said rates hikes are used to minimize asset inflation caused by speculation driven by the top 10% of Americans. Tech is just overrepresented in that top 10%.