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Google confirms it just laid off around a thousand employees
(www.theverge.com)
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this post was submitted on 11 Jan 2024
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Technology
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Because FAANG is the entire economy? Please.
Step out of the SV bubble and you'll see the economy is fine. The fact that tech was dumb and overextended themselves during and shortly after COVID while relying on ZIRP to fund those expenditures doesn't mean everyone else did. Stir in changes to tax treatment around R&D that disproportionately impact tech and and no one should be surprised that industry might be getting hit while the rest of the economy ticks on just fine.
You are going to have to unfold all of those acronyms before we can move forward with this conversation.
I don't have the palest of ideas of what you are trying to convey.
ZIRP - zero interest rate policy. Very common term for anyone following macroeconomic policy since 2008.
Given the group we're in I hope I don't have to explain the rest.
Thank you.
But... Why do you assume I have instant knowledge of acronyms because I opted to insert a comment on a topic that teased my interest? Does it pressuposes anything about my person?
This esteemed Lemmy community of experts in technology news (that are mostly Muskrat memes, new phone apps and news about companies that may have had an app at some point).
I think you're somehow setting too high a bar for the average internet user. Don't worry, it's hard not to.
Nice abbreviations!