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Business, Economics, and Taxes: Capitalism. Yay? >=(

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  • Deutsche Gopher Fan
    replied
    PayPal now cutting 9% of staff.

    Leave a comment:


  • Deutsche Gopher Fan
    replied
    Originally posted by Jimjamesak View Post
    Likely going to be cuts in management and specialist positions. Probably some people taking early retirement and not having their positions filled, stuff like that.
    Pretty normal stuff then. Not that it means it’sall necessary and not mba greed.

    I know some of the cuts happening are post acquisition - like Microsoft- so again, normal. And some of these places simply over hired when money was free.

    Leave a comment:


  • Jimjamesak
    replied
    Originally posted by Deutsche Gopher Fan View Post
    UPS announces 12k layoffs as “package volume slipped last quarter”

    Wonder if these are full timers or part timers

    end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

    https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

    I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness
    Likely going to be cuts in management and specialist positions. Probably some people taking early retirement and not having their positions filled, stuff like that.

    Leave a comment:


  • Drew S.
    replied
    Originally posted by Deutsche Gopher Fan View Post
    UPS announces 12k layoffs as “package volume slipped last quarter”

    Wonder if these are full timers or part timers

    end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

    https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

    I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness
    I’m going to sound like a shill for companies but I do think a lot of them are getting killed with interest expense and it probably limits what they can/want to spend on comp. I wonder as well if some companies have figured out that paying say $150k for a role doesn’t get you any better performance than if you pay $100k. I think it will get tougher before it gets easier for white collar folks.

    Leave a comment:


  • Deutsche Gopher Fan
    replied
    UPS announces 12k layoffs as “package volume slipped last quarter”

    Wonder if these are full timers or part timers

    end of the cnbc article then drops the tidbit “ceo expects to ask workers to return to office full time in 2024”

    https://www.cnbc.com/amp/2024/01/30/...k-tumbles.html

    I know the economy is humming along but there have been quite a few publicized layoffs this January. Likely a lot of different reasons for this, but I continue to see more and more white collar people unable to get a job quickly (myself included). A few analysts I follow have begun to talk about the white collar job market softness
    Last edited by Deutsche Gopher Fan; 01-30-2024, 11:11 AM.

    Leave a comment:


  • Handyman
    replied
    Originally posted by MissThundercat View Post
    So there were several explicit AI images of Taylor Swift posted online, and she is not happy.
    Neither are her fans, who mass flagged the pictures.

    https://www.google.com/amp/s/www.nbc...amp/rcna135913

    Knowing that Swifties could spell the end of the Republican Party and Silicon Valley Tech Bros... refreshing.
    One dude openly flaunted he wasn't afraid and got doxxed so badly he had to go private on all accounts and was almost crying about how strong the Swifties are.

    Leave a comment:


  • Kepler
    replied
    Nice.

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  • aparch
    replied
    If Taylor gets custody of Twitter that would be amazing.

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  • MissThundercat
    replied
    So there were several explicit AI images of Taylor Swift posted online, and she is not happy.
    Neither are her fans, who mass flagged the pictures.

    https://www.google.com/amp/s/www.nbc...amp/rcna135913

    Knowing that Swifties could spell the end of the Republican Party and Silicon Valley Tech Bros... refreshing.

    Leave a comment:


  • WisconsinWildcard
    replied
    I saw an F5...not something I want to repeat.

    https://en.wikipedia.org/wiki/1996_O...rnado_outbreak

    Leave a comment:


  • Slap Shot
    replied
    When I was 11 I was home alone after baseball practice on a Sunday in July. A wicked storm came through and I watched as a funnel descending from the clouds came closer and closer.

    I moved to the basement and sat under a ping pong table as the tornado sirens were going off.

    The loudest sounds from outside the house I had ever heard were accompanied by what felt like our house was coming apart.

    Our house sits on an extremely wooded 2-acre lot. When it was over I exited to see more downed **** than I have ever in my life and our garage door was in shambles.

    Probably the one time in my life that I honestly felt my time was up.

    Leave a comment:


  • FadeToBlack&Gold
    replied
    I've seen more Rivians on the road than that godawful DeLorean knockoff of Musk's.

    Leave a comment:


  • Handyman
    replied
    Originally posted by FadeToBlack&Gold View Post

    Cybertruck is an expensive disaster. I can't imagine that all of Musk's fascist/white supremacist simping in the last year is helping garner new customers either, since EV buyers usually skew left.
    Looks even worse with the new F150 EV coming out which looks like...and F150.

    Leave a comment:


  • FadeToBlack&Gold
    replied
    Originally posted by Handyman View Post
    They also got hit pretty hard in stock value before that because earnings came in significantly less than expected. That despite them trying to control the narrative by pretending they are going to sell more cars next year.
    Cybertruck is an expensive disaster. I can't imagine that all of Musk's fascist/white supremacist simping in the last year is helping garner new customers either, since EV buyers usually skew left.

    Leave a comment:


  • FadeToBlack&Gold
    replied
    Saw a waterspout from the shore once, as a kid.

    Leave a comment:

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