/biz/ - Business & Finance

[Anonymous No.52218960]

The economy is healing

>Apple pauses hiring through 2023 amid recession fears
>Amazon has frozen hiring in parts of its lucrative web services division — an apparent escalation of the company’s cost-cutting efforts
>Facebook parent company Meta will be freezing the majority of its hiring, CEO Mark Zuckerberg has announced to his employees
>Coinbase: We will extend our hiring pause for the foreseeable future.
>Salesforce recently laid off a number of workers and implemented a new hiring freeze through January 2023

[Anonymous No.52219127]

>>52218960
i'm trying to enter the software development industry as a junior dev right now though, uuuuuuuhmmmmm

[Anonymous No.52219186]

>Stripe cuts 14% of its staff
>Wells Fargo mortghage staff brace for layoffs as US loan volumes collapse as much as 90% from a year earlier
>Financial giant Goldman Sachs set for hundreds of layoffs

[Anonymous No.52219247]

>Snap planned to lay off about 20% of its employees
>Furniture and home goods company, Wayfair, said it would layoff about 870 employees
>Robinhood: Laying off more than 1,000 people in 2022
>Shopify laid off roughly 1,000 employees, equivalent to 10% of its workforce worldwide.
>Video-hosting platform Vimeo cut 6% of its staff in July.
>Real estate firm Re/Max will lay off 17% of its workforce by the end of the year, the company announced.
>JPMorgan confirmed that it would lay off over 1,000 employees in its home-lending department.
>Real estate brokerage Redfin laying off 6% of total employees

[Anonymous No.52219289]

>>52218960
>>52219186
>>52219247
WAGMI

[Anonymous No.52219308]

>>52219127
the train left the station 2 years ago

[Anonymous No.52219317]

>Walmart announced layoffs in its corporate division, as well as at one of its fulfillment centers.
>Oracle held two rounds of layoffs that included the company's marketing, customer experience, and cloud divisions.
>Zillow: Lays off 5% of total employees
>GoFundMe: Lays off 12% of total employees
>DocuSign: Lays off 9% of total employees

[Anonymous No.52219320]

>>52218960
>amid

[Anonymous No.52219357]

>>52219247
Why did Shopify ever think they needed 10,000 employees in the first place?
>10,000 people worked at Shopify

[Anonymous No.52219380]

>>52219357
For real what do they even do besides install a nag button on other people's websites??

[Anonymous No.52219381]

>>52219308
Train left the station in 2017, precisely when I was starting college for it. I ended up not using my degree but I'm a full time trader.

[Anonymous No.52219387]

>>52218960
>degrading and humiliating team-building exercises
>customers blowing up at you for extremely trivial matters (no, your diet coke not being cold is not a valid reason)
>poverty wages that must be supplemented with food stamps
I'd DIE before I work retail again.

[Anonymous No.52219429]

>>52219357
The last ten years have been an absolute gold rush if you had the capital to invest. You didn't even have to be smart or savvy to make money, as long as you had money to spend. All companies everywhere were over inflated and just printing money as long as they could convince some VC's or other investors to keep cutting checks.

[Anonymous No.52219454]

>>52219429
It was a rush to IPO to suck up the easy funny money and cash out.

[Anonymous No.52219583]

>>52219308
that might be true right now but eventually someone will want me. now's the perfect time to keep practicing and building my portfolio.

[Anonymous No.52219615]

>only part of the economy that was doing well is collapsing
>infinite illegals being brought in by "pro worker democrats" to conveniently lower wages at a time when unskilled labor was mooooooning
>millennials got fucked in 1998, 2008 and 2020 and will get fucked again
>zoomers never had expectations and only see the world as one in which you boom brightly at 16, hit 25 and your life just goes downhill after that point
HEALLLLLLLLLLLLLLING

[Anonymous No.52219626]

>>52219583
most people who were laid off in 2007-2008 had no choice but to work fast food or warehousing jobs for 2-3 years because nobody else were hiring. big chance something similar will happen this time.

flipping burgers for 3 years to be able to pay the bills isnt the end of the world but it still sucks ass. mostly because people are unable to capitalize on the bottom because their low paycheck doesnt allow it

[Anonymous No.52219630]

>>52219583
there's still real jobs in software, it's just the cum jobs that had to freeze as their monopolies implode

[Anonymous No.52219654]

2023
Year of the Bear

2022 is just the teaser

[Anonymous No.52219658]

>>52219626
obviously the same applies to people who graduated in 2007-2008. they did not get jobs in their field of choice so they had to settle for the shit jobs

[Anonymous No.52219659]

>>52218960
This is racist

[Anonymous No.52219865]

>Lyft to cut 13% of workforce in second round of job cuts
>SoundCloud is reducing its global headcount by around 20%
>Carvana cited a recession in auto sales as the main driver in laying off 2,500 employees
>Opensea layoffs: 20% of workforce laid off
>Cameo layoffs: 25% of workforce laid off

[Anonymous No.52219918]

>>52219626
>mostly because people are unable to capitalize on the bottom because their low paycheck doesnt allow it
And people get pissed at me for skipping meals and not turning on the heat.

[Anonymous No.52220037]

>>52218960
Is this bullish for the FED pivot?
I hear they wanted to destroy the economy and increase the number of jobless people...

[Anonymous No.52220078]

>>52220037
>We would rather overtighten than risk doing too little
>It's very premature to discuss pausing. We have ways to go
>The ultimate level of interest rates will be higher than previously expected

Does it sound like a pivot is close?

[Anonymous No.52220672]

>>52220078
>We would rather overtighten than risk doing too little
>prime rate still well below inflation as it has been for a year
Sure thing, Jerome.

[Anonymous No.52221792]

Fresh off the presser: Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks

[Anonymous No.52221927]

>>52219387
Customers are the worst part of any job that deals with them, why the fuck do they think a useless bottom rung wagie knows how to solve their problem or knows anything about the business model or company practices. I wonder if when automation comes if dumb boomer ladies are going to lob their retarded questions at the robots

[Anonymous No.52222061]

>>52220078
He also said before that that job numbers were not as expected.
Surely dividing Tech workers by 2 should be what he wanted to see.
Because if he keeps this up I worry Zuckerberg or another billionaire will cause him to have an accident...

[Anonymous No.52222068]

>>52218960
Man, I worked retail for 5 years in the past and just seeing shit like this gives me a horrible claustrophobic feeling.

[Anonymous No.52222143]

>>52219654
2024 WAGMI.. all bags on Kraken and Sylo dApp is filled and waiting.

[Anonymous No.52223637]

>>52221792
Is that a cowe

[Anonymous No.52224064]

>tfw enter the workforce right in the middle of hyperinflation
>land a job in just 1 interview
Feels fucking good. My friends didn't drop out of university so they are fucked

[Anonymous No.52224255]

>>52224064
Dont get too comfy. The first ones on the chopping block during recessions are the newest hires and those who are close to retirement age

[Anonymous No.52224286]

>>52221927
>Customers are the worst part of any job that deals with them, why the fuck do they think a useless bottom rung wagie knows how to solve their problem or knows anything about the business model or company practices.
Because customers say they do.

>I wonder if when automation comes if dumb boomer ladies are going to lob their retarded questions at the robots

They would just stop patronizing that business for another one where they have someone to bitch at.

[Anonymous No.52224291]

>>52218960
priced in. bad news is good news.

[Anonymous No.52224515]

>>52219317

why is this so fuckin funny

[Anonymous No.52224557]

>>52219865

most civil USA argument

[Anonymous No.52224720]

[Anonymous No.52224804]

>>52219865
fucking love this webm

[Anonymous No.52225108]

>>52219865
Nigger is laughing at the guy getting shoved. If that guy fought back that nigger would be trying to defend the fat fuck. Why is the west so fucked up? They chad is trying is best not to retaliate and put that ham beast in its place.