BerkubernetusJan 23, 2023

Folks are treating the recent tech layoffs as something spontaneous. They were not. Apparently the current layoffs were orchestrated by hedge funds.

This hedge fund demanded that the big tech companies lay people off because they were being paid too much. Let that one sink in: a hedge fund manager saying that you're being paid too much.

Note that TCI is demanding that Google lay off more people.

Show threadBerkubernetusJan 23, 2023
A lot of evil in the world could be prevented by outlawing hedge funds.
Show threadbhcompyJan 24, 2023
@fuzzychef I get it, but you're not going to outlaw the stock market. Public ownership is not going away, and organized groups to manage that ownership is part and parcel. Working for private companies is the only way to hope to avoid the impact of public investment, assuming you find a company that isn't owned in some capacity by private equity or forced their way onto the board through VC.
Show threadDarkstar
@bhcompy @fuzzychef and laws to protect employees...
Jan 24, 2023 at 8:17amWeb