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209 points htrp | 1 comments | | HN request time: 0.21s | source
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idkwhattocallme ◴[] No.44444622[source]
For the most part, I'm indifferent to layoffs. Companies over hire and then course correct. It's part of the game. But for MSFT, it rubs me the wrong way. In the past 5 years, their stock has soared (150% on stock and doubled in valuation). They are insanely profitable ($82B profit). They are diverse (no existential business risk). The fact that they are unceremoniously laying off 30K of the people that helped them get there drives home it's just a paycheck, do your job, but know it can and will end when convenient for the company. I know folks will argue, low performers, but really. This "productivity apps" company hired them, onboarded them, made $82B in profit, surely they can figure out how to uplevel folks. Also how do you have a layoff every couple of months for 3 years. Thinking about the middle class in the previous generation, it was unions that effectively ensured a labor job meant a secure future. I wonder if that's the solution (again).
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sitzkrieg[dead post] ◴[] No.44445007[source]
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wing-_-nuts ◴[] No.44445141[source]
What nonsense. I've been in tech for ~ 20 years and it's literally taken me from living below the poverty line on ssi disability to fully financially independent. This is the one career where I could have accomplished that. It's basically 'disability proof'.
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1. trod1234 ◴[] No.44446150[source]
Past performance generally speaking does not indicate future prospects.

I agree with you, but that is only for right now.

7-10 years from now, I see no new tech jobs and the same work shouldered by a decreasing number of people until they vanish with no replacement.

Chaotic whipsaws from disruption or other things can break brittle systems. Resilient systems don't have these problems, but they are only resilient because of their decentralization and lack of single points of failure (SPOF).

Profit through money printing optimizes for SPOFs, and there are no existing incentives that can produce any other behavior. Its a terrible fate of societies which embrace money-printing.