Re:Chicago sold rights to 36k parking meters for $1.2B that ...
by scarface74 on Friday March 03, 2023 @01:00AM
(#35006314)
> If the companies involved in the current layoffs are, by your definition, "efficient", what would you make of Apple [1] in this situation? Super really efficient?
I’m going to first answer that question by speaking about the $BigTech company I know best because I work their and my RSUs are worth half their all time highs - Amazon - and the industry I know best - cloud - because I work at AWS.
Amazon Retail thought that the Covid induced online shopping was going to be the new normal and over hired.
Google has so many useless money losing products and the attention span of a crack addled flea. No one ever accused Google of being well managed. I can’t speak about GCP.
Apple outsources most of the people who build its products. While Apple hasn’t laid off people, the contractors who create its phones who work for Apple for all intents and purposes have laid off people.
Facebook now is down to its employment level of a couple of years ago.
My moral would be fine if I was working for Facebook [1] for a couple of years at FB salaries. I would have saved more than I already do.
And many 2nd tier tech companies aren’t profitable. The easy money ran out.
[1] I don’t hate myself enough to work for Facebook.
I’m going to first answer that question by speaking about the $BigTech company I know best because I work their and my RSUs are worth half their all time highs - Amazon - and the industry I know best - cloud - because I work at AWS.
Amazon Retail thought that the Covid induced online shopping was going to be the new normal and over hired.
AWS didn’t really get hit with layoffs (https://www.datacenterdynamics.com/en/news/aws-employees-amo...). Azure also didn’t suffer layoffs (https://www.channelfutures.com/business-models/microsoft-lay...).
Google has so many useless money losing products and the attention span of a crack addled flea. No one ever accused Google of being well managed. I can’t speak about GCP.
Apple outsources most of the people who build its products. While Apple hasn’t laid off people, the contractors who create its phones who work for Apple for all intents and purposes have laid off people.
Facebook now is down to its employment level of a couple of years ago.
My moral would be fine if I was working for Facebook [1] for a couple of years at FB salaries. I would have saved more than I already do.
And many 2nd tier tech companies aren’t profitable. The easy money ran out. [1] I don’t hate myself enough to work for Facebook.