> It seems like all of the FAANGs have made severe strategic cockups
I’m becoming more and more convinced that they’re preparing for a global recession.
I posed such an Ask HN a while ago, before the Microsoft layoffs, where the general takeaway was that there’s no indication for a recession.
However, after the 10+12K layoffs by the giants, and constant news about smaller layoffs by smaller companies (in the 100s per announcement), I think the situation becomes at once clearer and bleaker.
I’m becoming more and more convinced that they’re preparing for a global recession.
I posed such an Ask HN a while ago, before the Microsoft layoffs, where the general takeaway was that there’s no indication for a recession.
However, after the 10+12K layoffs by the giants, and constant news about smaller layoffs by smaller companies (in the 100s per announcement), I think the situation becomes at once clearer and bleaker.
We shall survive.