News / Uncategorized
NEWS you don’t want to miss in the market (Reality of Layoffs)
NEWS you don’t want to miss in the market (Reality of Layoffs)
August 21, 2023
Thought this was important and wanted to share with the tribe!
At Microsoft, for example, this has meant pausing hiring except in manager-approved cases. At Meta, hiring has been frozen and recruitment is being scaled back, with significant slowdowns at Reality Labs, Meta’s metaverse development team. Uber has told its employees to begin treating hiring as a privilege, Apple has retracted offers and stopped filling Genius Bar jobs, Nvidia is paring down hiring, Paypal – which went on a hiring spree after the pandemic kicked off – has trimmed some of its workforce, though staffing remains higher than before the pandemic.
Google’s CFO has described headcount as the company’s “primary driver of expenses,” and that sentiment isn’t unique.
“The good big companies are overstaffed by 2x. The bad big companies are overstaffed by 4x or more,” said venture capitalist and Facebook board member Marc Andreessen, whose firm has contributed $400 million to Tesla CEO Elon Musk’s takeover of Twitter.
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
NEWS you don’t want to miss in the market (Reality of Layoffs)
August 18, 2024