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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PHANTOM SHARES: The Finance Ghost: Eskom is leading the poultry industry to the slaughterAstral Foods, one of South Africa’s leading poultry producers, warned us in November already that the combination of high feed costs and rolling blackouts would put pressure on its operations. Cracked me up ! 'As a core protein for millions of South Africans and a vegetable option at many braais in Bloemfontein'
Source: dailymaverick - 🏆 3. / 84 Read more »

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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International Finance: Top bankers in Asia see pay cuts of 50% after drought in dealsTop investment bankers in Asia ex-Japan at Wall Street’s biggest firms are having their worst payouts since the financial crisis more than a decade ago, according to people familiar with the matter. Toe ek my werk verloor het, het ek gedink ek het dit alles verloor. Met die bietjie kontant van R3000 het ek R33,000 binne 'n week verhandel, sy weet dalk nie, maar sy het my regtig gered richard1_ray
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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 »