Posted on 12/12/2022 8:58:42 AM PST by Red Badger
Layoffs at Twitter: BAD!
All the layoffs are because the PPA money finally ran out. Biden pushed that out as far as he could so the economy “looked” better than it was for the midterms. Now, he has is corporate cronies are ejecting “excess employees” and dead weight as fast as possible.
That’s a very good observation.
This will snowball into a huge recession, starting in California..................
Imagine all the real estate in S.F. going on the market at once. Reality is about to hurt.
Uh, the way it works here in the Silicon Slum is really simple: high valued companies full of coders hire hordes of women to do “admin” work since they would never meet or date them in any environment outside of those walls.
And it’s especially true of the H1B dominated companies. No casper males around, but lotsa blue eyed females attending to the “needs” of brown eyed males from the Indian subcontinent.
A short drive down Amphitheater parkway in Mountain View at lunchtime will demonstrate this rather clearly.
Can we put Elon in charge of the US office of personnel?? If they removed half of the workforce, productivity would go up a lot for sure and hopefully a good number of the dem coconspirators would be gone too. He could start by eliminating the dept of education and move toward the original 4 cabinet posts.
Maybe some of these companies will learn that having and spending Millions in “diversity and Inclusion” VPs, directors, coordinators, staffers does NOT actually help the bottom line?
This is a direct result of the normalization of interest rates.
The free money era bankrolled all of this leftist nonsense.
You don’t really think the 7500 laid off “employees’ who spent their days in the yoga studio and petting their emotional support animals were ACTUALLY running Twitter, do you?
It becomes more evident day by day that this was a DHS-FBI-CIA combine, with international connections, to control and then direct the US political conversation, first to get rid of Trump, but more importantly to prevent the emergence of a broad nationalist movement. The 7500 laid off employees were window dressing.
They didn’t just do it here. They clearly stacked the deck in Brazil, and there is much, much more to be learned before they somehow immobilize Musk. who has kept his power level very well hidden.
They’ve been living large in silicon valley for a couple of decades now, long before PPA. The technerds had them convinced that they were all indispensable and deserved special perks. Musk is proving that’s far from the truth.
Webdev kids fresh out of college have had entry level pay near six digits or even into six digits depending on their area of expertise. Even without a degree, someone who can code can make $80k. They have coding boot camps that are a few months long.
I am betting that the ‘real’ profits of the companies that have no real product, are significantly lower that they purport to be.
We may see the simultaneous scrambling of investors to divest themselves before the fall.................
“A short drive down Amphitheater parkway in Mountain View at lunchtime will demonstrate this rather clearly.”
Now for a total non-sequitur: We lived in Mountain View (our oldest son was born there) in the early ‘70s. Wife even worked at Intel while we were there. I was stationed at NAS Moffett Field. Haven’t been back there since about 1975. I guess it’s all changed. We loved the place.
Imagine going from the six figure salary and perks galore at these Silicon Sandcastles to the EBT level of the unemployment lines with the Great Unwashed.................
Hell, let's just make him Preezy & Rock 'n Roll!!
Just following Kamalala’s lead..............
Even before Covid, some of the people running high-tech firms feel that they can run both a profitable company as well as serve a left-wing agenda. I remember a local news story about an executive wanting to send a message about minimum wage (before Covid). He raised wages of his lower-income employees to a minimum of $70,000/year. But a few years later (still before Covid), his company started to have financial problems.
"Second prize is a set of steak knives."
Imagine how many government employees could be fired without anyone noticing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.