This economy is way different then previous recessions - IT sector

[Vaampire]

25 minutes ago, naughty15 said:

if google/meta doesn't do promotions means other comapnies not doing?

 

Banking sector had massive promotions this year.

Banking pharma etc non IT sectors ni nenu pedhaga follow kaanu. This thread is more towards IT sector. I see the point. Will update thread title

[Vaampire]

36 minutes ago, dasari4kntr said:

seems to be inflation driven recession turning to credit driven…

Its easy to blame inflation. But the reality of is most of the companies got it wrong. They couldn’t differentiate between organic growth and pandemic growth and hired intensively in last 3 yrs. Now facing the music.

tim cook and apple got it right. No layoffs because they never overhired 

[AndhraneedSCS]

10 minutes ago, Vaampire said:

Its easy to blame inflation. But the reality of is most of the companies got it wrong. They couldn’t differentiate between organic growth and pandemic growth and hired intensively in last 3 yrs. Now facing the music.

tim cook and apple got it right. No layoffs because they never overhired 

Heard Apple is firing contractors. Not sure if that is true though 

[dasari4kntr]

26 minutes ago, Vaampire said:

Its easy to blame inflation. But the reality of is most of the companies got it wrong. They couldn’t differentiate between organic growth and pandemic growth and hired intensively in last 3 yrs. Now facing the music.

tim cook and apple got it right. No layoffs because they never overhired 

yes…jobs point of view apple is correct…

i am talking about whole economic point of view…

these high interest rates are wrecking sector by sector…

for example  tech sector…it (high interest rates )will tight the money market ….no new ventures…in general case it should leads to immediate layoffs…but in tech sector it took time because companies  having some cash reserves…(could be low tax, or pandemic benefits..etc)

similarly banks are holding some bonds which are in unrealized losses which caused by high interest rates…if banks feeling cash crunch they have to sell the bonds for loss…which is very bad for their earnings…

at this time situation is …

banks may face another silent bomb in the name of CLO…(depends on the judgement )

https://www.axios.com/2023/03/08/leveraged-loans-appeals-court-private-credit

 

[subramanyam_for_sale]

apple just didn't spend the money, there was an analysis done to show what happened and which companies helped the economy overall, hiring and firing by google/meta etc helped the entire market way better than apple doing nothing, this will soon be a lesson in HBR I guess.

[AndhraneedSCS]

IT sector lo salaries entha instunnaro lekkal ekunda ayipoyindi.  Janalu just moon lighting. Productivity went to Assam. 

 

oka recession teesukochi, andarni Return to Office or fired ante set avutundi. Lekapothe IT companies will all go to Assam 

[Manishican]

Many people doing multiple jobs. Bidding on houses. 

[BommaliNinnodhala]

26 minutes ago, Manishican said:

Many people doing multiple jobs. Bidding on houses. 

https://www.instagram.com/reel/CmwYgkWhxGR/?igshid=YmMyMTA2M2Y=

[Gorantlamdhav]

1 hour ago, dasari4kntr said:

seems to be inflation driven recession turning to credit driven…

Edo oka driven kada , driverless selfdrive ayitey konchem kastam

[AndhraneedSCS]

On 3/9/2023 at 3:46 PM, Spartan said:

yes @Vaampire finally ma annual budget release chesaru.

same as previous year,,,so no hiring or promos..and no fill backs in case of departure.

oka 10% pencharu ee year ma dantlo kontha mandhiki (3% inkontha mandhiki). On an average about 6%