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.
11 replies
0 recast
0 reaction
Nico.cast🐱
@n
What do you think of Elon's approach?
2 replies
0 recast
0 reaction
Ben Scharfstein
@scharf
For Elon I think the important thing is having ~his people~ working for him. Idk if he’ll be able to find good people that want to work for him though.
0 reply
0 recast
0 reaction
