Ben Scharfstein
@scharf
I don't think big tech layoffs are because the companies got bloated, it's because rates went up. If the ROI (including opportunity cost of capital) on a marginal hire is positive they should be hired. As rates increase the opportunity cost of capital increases so this calculation changes.
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Nico.cast🐱
@n
What do you think of Elon's approach?
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rhys
@rhys
It is being marketed as one man with a loud voice swinging an axe in a hurry. Yes an accelerated timeline, but not dissimilar to PE and activist investors I'm sure many have dealt with.
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