I feel like all these circular investments and no return investments that keep propping up the stock of AI and technology manufacturers are going to cause an absolutely massive crash in the next few years because it is so insanely detached from reality, they keep investing even though none of them even make a profit right now.
Do you think it will cause a massive economical crisis in the next few years and if yes, when do you think it will happen? I was hoping maybe there is a comrade here that has a bit more insight into this topic than me
I’ve only ever seen vague guesses as to why that pattern exists. Things like how it’s a gap between people being away from work for summer breaks in July/August and for winter holidays in November/December, therefore that’s the time when more people are at work looking at how none of this bullshit makes any sense. Also, the weather is getting colder and people are grumpier, etc etc. I don’t think any of those explanations are especially convincing.
My company has spent the past 4 years consistently laying off thousands every October, or the beginning of Q4.
Budgets get approved for departments every year, salaries are allocated as part of that department’s budget, and when porkie decides to slash budgets across the board, your department head / manager knows well in advance so they can make the decision on who to cut, and the severance you’re paying out to your former employees doesn’t eat into the budget for Q1 of next year.