I feel like all these circular investments and no return investments that keep propping up the stock of AI and technology manufacturers are going to cause an absolutely massive crash in the next few years because it is so insanely detached from reality, they keep investing even though none of them even make a profit right now.
Do you think it will cause a massive economical crisis in the next few years and if yes, when do you think it will happen? I was hoping maybe there is a comrade here that has a bit more insight into this topic than me
My company has spent the past 4 years consistently laying off thousands every October, or the beginning of Q4.
Budgets get approved for departments every year, salaries are allocated as part of that department’s budget, and when porkie decides to slash budgets across the board, your department head / manager knows well in advance so they can make the decision on who to cut, and the severance you’re paying out to your former employees doesn’t eat into the budget for Q1 of next year.