2Yr·

Not only with Unity ($U (-9.45%) ) is currently seeing redundancies.

Blackrock ($BLK ) is planning, 3% of its employees. Google ($GOOGL (-0.12%) ) is planning a restructuring of its marketing department, which could potentially 20% of employees. Frontdesk has reduced its entire staff in a 2-minute Google Meet call. (💀Eyo chill dude)

15 Comments

DividendenSchwabe@DividendenSchwabe

2Yr

If all the staff have been laid off, who is working? 🤔

•

Benne@CapitalCyclist

2Yr

@DividendenSchwabe AI who else 🤖

••

DividendenSchwabe@DividendenSchwabe

2Yr

@DividendCop

And the physical things? Robots?

•

Bardok@AE23

2Yr

@DividendenSchwabe Aladdin 🤣

••

Dirty30@Dirty30

2Yr

I always find such dismissal reports interesting. But what you never find out is how many were hired beforehand. If Google has hired 10,000 employees in the last 5 years and is now laying off 2,000, then the information "is laying off 20% of its employees" is of no use to me. But negative news sells better, of course 😂

•

Hennington Global Markets@HenningtonGlobal

2Yr

@Dirty30 Are you insinuating something?

••

Dirty30@Dirty30

2Yr

@BloombergT Not you. The message is not from you. It was more a general statement that only one side is always considered in reports on such topics and is therefore intended to trigger negativity. I hope you understand what I'm trying to say :D It's like someone saying that the price of petrol has fallen by 5 cents, but not mentioning that it rose by 20 cents before that. Without such comparative values, things could be conveyed incorrectly.

••

Mister_ultra@Mister_ultra

2Yr

Restructuring and job cuts are always felt. Since I started investing (2013), there have been constant job cuts here and there.

That's just part of it, but of course the media always like to pick up on it (everything will be bad from now on, the crisis is coming 😂)

•

Hennington Global Markets@HenningtonGlobal

2Yr

@Mister_ultra that has nothing to do with it. It is a snapshot and simply shows the economic state of the world/country/industry

••

Mister_ultra@Mister_ultra

2Yr

@BloombergT I wouldn't say that. It is also possible that there is simply a new manager who initially restructures on principle and thus also cuts jobs, even though the company is in a great position and the prospects are very good (this only happened recently in my company).

There can be many reasons that don't necessarily have anything to do with the current situation or anything similar.

•