Re:Mass Timber Is Great, but It Will Not Solve the Housing S...
by lizknope on Wednesday March 13, 2024 @10:03PM
(#39699907)
My company's profits were up in 2020-21 and then we went back to the office in 2022 and our profits and stock price dropped. We had 500 openings in 2020-21 and then we laid off 8% of the employees in 2023.
I joke in meetings that we just need to go back home and we will make more money.
I work for a fabless semiconductor company that makes chips for data centers and other applications, not a software company.
Re:Mass Timber Is Great, but It Will Not Solve the Housing S...
by gottorf on Wednesday March 13, 2024 @10:27PM
(#39700024)
No argument against your company's WFH productivity! But:
> 2020-21 and then we went back to the office in 2022 and our profits and stock price dropped
The broad stock index rallied like crazy 2020-21 with ZIRP, then all of 2022 was a bear market that followed rate hikes. The S&P 500 rose almost 50% from January 2020 to December 2021, then lost about 20% in 2022. So it's not unreasonable that your company's stock price followed that trajectory.
This would imply that a company's stock price is directly influenced by its productive output; in reality, it's only very tangentially so. Especially for low-profit, high-growth tech companies, I'd wager the federal funds rate's effect on the stock price is way higher.