futureofandhra Posted March 20, 2023 Report Posted March 20, 2023 they hired extra people to make sure competitors do not get them this extra count did fake work n meetings malli ee companies work ethics gurinchi classes to others Quote
Popular Post Thokkalee Posted March 20, 2023 Popular Post Report Posted March 20, 2023 1 minute ago, futureofandhra said: they hired extra people to make sure competitors do not get them this extra count did fake work n meetings malli ee companies work ethics gurinchi classes to others Why will a company hire people if there is no work.. ?? They had access to cheap low interest money from the fed.. and all of them were sitting on big cash from the earnings and the market/fed boosted high stock prices.. after stock buybacks, they spent some money on hiring.. 3 Quote
futureofandhra Posted March 20, 2023 Author Report Posted March 20, 2023 2 hours ago, Thokkalee said: Why will a company hire people if there is no work.. ?? They had access to cheap low interest money from the fed.. and all of them were sitting on big cash from the earnings and the market/fed boosted high stock prices.. after stock buybacks, they spent some money on hiring.. Keith Rabois: Google, Meta hired talent to do 'fake work' | Fortune Quote
HugoStrange Posted March 20, 2023 Report Posted March 20, 2023 18 minutes ago, futureofandhra said: Keith Rabois: Google, Meta hired talent to do 'fake work' | Fortune wtf, what the hell man. Vella thikka ku lekke ledu Quote
futureofandhra Posted March 20, 2023 Author Report Posted March 20, 2023 6 minutes ago, HugoStrange said: wtf, what the hell man. Vella thikka ku lekke ledu i do not understand why they even layin off i can understand if its zoom n all but these r big tech with billions Quote
hunkyfunky2 Posted March 20, 2023 Report Posted March 20, 2023 12 minutes ago, futureofandhra said: i do not understand why they even layin off i can understand if its zoom n all but these r big tech with billions They see the future and getting prepared. Elon and Jeff bezos openly said this, its just that people are deaf and ignored. If Amazon bezos said " don't buy for next 18 months" it's not joke. He is being honest Quote
Thokkalee Posted March 20, 2023 Report Posted March 20, 2023 33 minutes ago, futureofandhra said: Keith Rabois: Google, Meta hired talent to do 'fake work' | Fortune Are you new to IT? Even in general, business based companies (may be not Silicon Valley tech) lo beginning of the year lo new funding vachinapudu hire chesi, end of the year cost savings kosam or funds lekapothe, fire chestharu.. this happens every year, especially with contractors.. I went through this multiple times.. Companies profits lo unnapudu baga hire chesthayi, expecting that the new people will work on new initiatives, expand the current projects, etc etc.. business brings in new projects to work on.. all they do when they get lot of money in earnings and cheap loans is to hire people and build infrastructure (cloud, buildings, etc).. buildings are ruled out as everyone was working remote and companies were saving a lot on real estate too.. until mid-late last year, most of the companies declared great earnings and the stock prices were at their peaks.. all they can invest is on stock buybacks and new hiring.. Quote
futureofandhra Posted March 20, 2023 Author Report Posted March 20, 2023 Just now, Thokkalee said: Are you new to IT? Even in general, business based companies (may be not Silicon Valley tech) lo beginning of the year lo new funding vachinapudu hire chesi, end of the year cost savings kosam or funds lekapothe, fire chestharu.. this happens every year, especially with contractors.. I went through this multiple times.. Companies profits lo unnapudu baga hire chesthayi, expecting that the new people will work on new initiatives, expand the current projects, etc etc.. business brings in new projects to work on.. all they do when they get lot of money in earnings and cheap loans is to hire people and build infrastructure (cloud, buildings, etc).. buildings are ruled out as everyone was working remote and companies were saving a lot on real estate too.. until mid-late last year, most of the companies declared great earnings and the stock prices were at their peaks.. all they can invest is on stock buybacks and new hiring.. ftes are removed not just contractors these are massive layoffs Quote
TrishaManiac Posted March 20, 2023 Report Posted March 20, 2023 thought-provoking thread by @futureofandhra Quote
Thokkalee Posted March 20, 2023 Report Posted March 20, 2023 4 minutes ago, futureofandhra said: ftes are removed not just contractors these are massive layoffs Yeah.. FTE’s ni thisesaru kabatti news ayindi… that too in Silicon Valley.. otherwise, this is a nirantara prakriya in IT everywhere.. they are all just preparing for the upcoming recession by cutting costs.. 1 Quote
RENT Posted March 20, 2023 Report Posted March 20, 2023 17 minutes ago, Thokkalee said: Yeah.. FTE’s ni thisesaru kabatti news ayindi… that too in Silicon Valley.. otherwise, this is a nirantara prakriya in IT everywhere.. they are all just preparing for the upcoming recession by cutting costs.. idanta ok but where is that recession??? 1 1 Quote
Andhrodura456 Posted March 20, 2023 Report Posted March 20, 2023 3 hours ago, futureofandhra said: they hired extra people to make sure competitors do not get them this extra count did fake work n meetings malli ee companies work ethics gurinchi classes to others What is this ra jaffa ga ? Quote
Thokkalee Posted March 20, 2023 Report Posted March 20, 2023 6 minutes ago, RENT said: idanta ok but where is that recession??? Recession eppudo telidu kani, economy baga slow ayindi.. ma company revenue thaggindi last quarter and current quarter.. same with many of the major companies my friends are working at.. hiring freeze and expense cuts chestunnaru.. look at any company’s recent earnings results.. the first step any company takes is to cut down costs when the revenue goes down and stop hiring.. next step is cancel projects and do layoffs.. ee it companies ki major cost is workforce.. 1 Quote
futureofandhra Posted March 20, 2023 Author Report Posted March 20, 2023 4 minutes ago, Andhrodura456 said: What is this ra jaffa ga ? original id tho ra adedho appudu choodham jaffa vi anipinchukunnav fake id tho vachi Quote
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