THE FINANCE GHOST: Yes, big tech stopped the headcount

Back in November in this very column, I wrote an article called “Stop the big tech headcount! ” — a nod to the desperate need for big tech firms to slow down the hiring madness. It was obvious to anyone with the smallest appreciation for operating margins that things simply couldn’t continue the way they were.

In banking, the concept of “jaws” gets thrown around. It means the difference in growth rate between revenue and expenses. If revenue is growing faster than costs, you’re in positive jaws territory and margins are going the right way. Banks watch this carefully because it is difficult for them to claw back any margin destruction...

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International Finance: Adani tries to calm investors with 413-page Hindenburg rebuttalGautam Adani published a 413-page rebuttal to a short seller’s allegations of widespread corporate malfeasance, seeking to calm investors in the midst of a $2.5-billion share sale and stem a rout that wiped out more than $50-billion of his group’s market value.
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THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »

THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost. FinanceGhost
Source: FinancialMail - 🏆 20. / 63 Read more »