wolfishlygrinning t1_j4shsoh wrote on January 17, 2023 at 11:14 PM Reply to comment by urgjotonlkec in Microsoft to cut thousands of jobs - Sky News by Familiar-Turtle Well that's not quite true. The fed rate going up increases the value of a current dollar over a future dollar. That makes investing in future growth less important and current profits more important. Thus all the layoffs and profit pumping. Permalink Parent 3
wolfishlygrinning t1_j4shsoh wrote
Reply to comment by urgjotonlkec in Microsoft to cut thousands of jobs - Sky News by Familiar-Turtle
Well that's not quite true. The fed rate going up increases the value of a current dollar over a future dollar. That makes investing in future growth less important and current profits more important. Thus all the layoffs and profit pumping.