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re: Are we going to talk about Sony laying off people?
Posted on 2/28/24 at 6:05 am to DarthRebel
Posted on 2/28/24 at 6:05 am to DarthRebel
quote:
It is more about missing sales targets and having nothing to drive sales before April 2025.
No, it’s more about current monetary policy and economic conditions. Look at every other tech company lol. Cisco just cut 4000, eBay cut 1000, Microsoft cut 2000, PayPal cut 2500, Amazon cut 20,000 last year. The market is correcting itself from the free money environment we just left to the inflationary, high-rate environment we’re in now. It’s a tale as old as time. When rates go up, you cut.
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