Google employees discovered they'd been laid off when their access badges stopped working. Meanwhile France is having a general strike
Hey all, will try to answer any questions you might have here. Please become a paid subscriber so I can keep doing this! - Ken
great links, thanks! one million people stormed the streets of paris! US network MSM:....crickets....not a picture, not a video.
Do not believe the "oh we were hiring for a different future business plan" ruse. The tech business plan is UNCHANGED. All tech businesses rely on "network economic returns to scale". They want to tie you in to a platform where everyone else is also tied in and networked on the same platform and thereby charge monopoly rents forever. All the societal-scale software businesses you hear of in our time: google (the most evil), facebook (also evil), etc etc are "network economics" businesses. Even Tesla wants this network tie-in "action".
Building out societal scale platform businesses takes DECADES. Till that time, "pie in the sky" visions of future market value, preferably DISCOUNTED BACK AT ZERO INTEREST RATES helps sustain the stock price of these monsters. Their business plan hasn't changed. INTEREST RATES HAVE CHANGED. The 12+ years of zero rates were manna from heaven for these societal-scale s/w companies. IT's over.
It sucks but that’s the reality of letting huge non unionized corporations exist. They overhire and fire cause it’s more efficient management wise. Good luck to those let go
Is this supposed to be a 'gotcha!' to Janet Yellen? It appears she is merely describing something in economics.