reply on: Stacker Saloon \ stacker news

1286 sats \ 12 replies \ @orthwyrm 15 Nov 2023 \ on: Stacker Saloon

Day 214 of snailposting everyday 'til BTC hits $100k.

...and 14 push-up(s).

__@_'-'

365 sats \ 1 reply \ @nemo 15 Nov 2023

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310 sats \ 0 replies \ @bitcointerest 15 Nov 2023

Or you can just do enough for the entire week.

353 sats \ 0 replies \ @carlosfandango 15 Nov 2023

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280 sats \ 5 replies \ @orthwyrm 15 Nov 2023

Recession is here, at least in my neck of the woods. Some big names you all know and hate have been laying off their R&D teams recently.

310 sats \ 3 replies \ @bitcointerest 15 Nov 2023

I'm assuming it only reached your neck of the woods now because a global recession has been here for months now. When prices rapidly increase then you need to know somethings brewing and its not coffee.

674 sats \ 2 replies \ @orthwyrm 15 Nov 2023

Ever since the interest rate hikes it's been harder to acquire funding. Initially this resulted in hiring freezes, but more recently I'd say that companies have been taking things a step further and shedding non-essential activities (usually R&D).

These have been large layoffs of several hundred people that also impact local communities. It's rough out there!

50 sats \ 1 reply \ @elvismercury 15 Nov 2023

I can't speak to what you're seeing, but a related factor in my industry is the advent of AI. Most companies are only beginning to figure out how to use it, but a lot of executives really do see it as an opportunity to shed dead weight and bullshit jobs. This isn't happening in a vacuum, obviously, but it is absolutely a factor.

It wasn't just people playing culture war: Elon laying off 80% of Twitter, or whatever, did not pass unremarked in the lofty executive chambers.

304 sats \ 0 replies \ @orthwyrm 16 Nov 2023

I can see that. There are certainly people I know in high paying positions which can, frankly, be automated. Especially within the companies who don't "make stuff" and are more in the business of managing information (such as law, finance).

For myself, AI is a godsend. Our company is too small to hire dedicated software engineers, and I am a mediocre programmer with no formal training who has just sort of stumbled into the field over the years. AI has probably doubled my capacity thus far and I'm still learning how to incorporate it into my workflow. It frees me up for more work in the lab.