There's a bunch of you I can reply to here and the underlying response would still be, "It's hard to neutrally report that it's goddamn ugly out there in every sector without feeling like I'm going insane for being neutral."
But Biden told us the economy is doing great??? Not that I have any faith the other guy is doing to do any better.
By the usual markers it is doing great, 4.2 % unemployment is within target range of 3% to 5%.
Inflation for last 12 months is at 2.5%, way down from a few years ago post COVID.
Even mortgage rates have been heading back down some.
Yet as above layoffs are huge across the board including gaming space. Groceries are still up some 35% in the last 4 years, middle class families can't afford to buy homes but your MSM numbers look really good right before an election they are working overtime to interfere with.
I mean the MSM or government would never lie about numbers right?
There's a bunch of you I can reply to here and the underlying response would still be, "It's hard to neutrally report that it's goddamn ugly out there in every sector without feeling like I'm going insane for being neutral."
But Biden told us the economy is doing great??? Not that I have any faith the other guy is doing to do any better.
By the usual markers it is doing great, 4.2 % unemployment is within target range of 3% to 5%.
Inflation for last 12 months is at 2.5%, way down from a few years ago post COVID.
Even mortgage rates have been heading back down some.
Yet as above layoffs are huge across the board including gaming space. Groceries are still up some 35% in the last 4 years, middle class families can't afford to buy homes but your MSM numbers look really good right before an election they are working overtime to interfere with.
I mean the MSM or government would never lie about numbers right?
You should probably re-read that article as it doesn't prove the point you are try to make.
"Stocks reacted positively to the announcement, with the S&P 500 rising by about 0.3% shortly after the revisions’ release, extending its daily gain to 0.5% and hitting its highest price since July 16."
They also go on to say revisions both up and down are common and this one appears to have been overstated even so.
Economics is part math, part magic, and heavily biased since much of what goes into the equations can't easily be measured.
Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
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"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
This is two fold. Large buy outs like this you get allot of employees that have cross over with the company that bought them. Also over time MS is looking for areas that are dead weight. Other side is corporations deal with recessions and inflation by laying off staff. This is not shocking but sad for people effected. I am sure we will see more.
We see these articles about layoffs every year around the same time. And we see the same discussions/arguments every time because so many of you are experts in the business. It is all just so educational.
There's a bunch of you I can reply to here and the underlying response would still be, "It's hard to neutrally report that it's goddamn ugly out there in every sector without feeling like I'm going insane for being neutral."
But Biden told us the economy is doing great??? Not that I have any faith the other guy is doing to do any better.
Product quality for every single Blizzard IP has dropped drastically since the Activision merger, with no sign of stopping, and the Activision way of doing things is finally catching up to them.
You can prioritize profits over quality and be just fine in the short term, but when your loyal customers realize that the dip in quality isn't just a fluke, they start leaving for good. And when your new releases are all garbage, you won't be earning a lot of new customers to replace them.
ALL Companies are cutting of their own limbs to try to combat the infection that post 2008 economy has become.
Zombification of the whole economy was actually hard to acomplish but acomplished we have.
It's fun to see a socialist economy colapse as a textbook example with all the "we booming!" macros going wild and people not know what the hell is going on that every offday some company colapses, does mass layoffs, can't afford housing, can't afford a car or college, or even food.
It's fun but really painful nonetheless.
Fret not tho. Same thing is happening in Europe and China.
Lack of competition due to consolidation of companies. Layoffs are no surprise. Prices are being driven up by records profits due to the same. I am not paying more due to inflation, I am paying more because I have no choice left. I have two grocery stores in my area, both saw record profits last year. I have one internet provider. Now Direct TV and Dish network are set to merge. Guess what will happen - cost increases, record profits, and then layoffs. The rich get richer and the poor get less.
ANyone that has worked in the software industry knows layoffs come and go....Its usually not an industry where you stay with the same company for 30+ years.
There's a bunch of you I can reply to here and the underlying response would still be, "It's hard to neutrally report that it's goddamn ugly out there in every sector without feeling like I'm going insane for being neutral."
But Biden told us the economy is doing great??? Not that I have any faith the other guy is doing to do any better.
It has to do with the way our economy only cares about investors rather than value creating employees
Lack of competition due to consolidation of companies. Layoffs are no surprise. Prices are being driven up by records profits due to the same. I am not paying more due to inflation, I am paying more because I have no choice left. I have two grocery stores in my area, both saw record profits last year. I have one internet provider. Now Direct TV and Dish network are set to merge. Guess what will happen - cost increases, record profits, and then layoffs. The rich get richer and the poor get less.
Verizon recently laid off about 4800 in a voluntary separation package deal. I didn't see any headlines or capital letters about it. It's not limited to Blizzard or even the gaming sector. Heck I could go take pictures of the local mall are where there's more for lease signs than open signs. Y'all need to try decaf.
ALL Companies are cutting of their own limbs to try to combat the infection that post 2008 economy has become.
Zombification of the whole economy was actually hard to acomplish but acomplished we have.
It's fun to see a socialist economy colapse as a textbook example with all the "we booming!" macros going wild and people not know what the hell is going on that every offday some company colapses, does mass layoffs, can't afford housing, can't afford a car or college, or even food.
It's fun but really painful nonetheless.
Fret not tho. Same thing is happening in Europe and China.
You think this is because of socialism? The Great Recession (which happened toward the end of Bush's second term, let's not forget) was a direct result of the government's failure to regulate financial institutions, combined with a breakdown of corporate governance. This isn't even up for debate -- it is established fact.
ALL Companies are cutting of their own limbs to try to combat the infection that post 2008 economy has become.
Zombification of the whole economy was actually hard to acomplish but acomplished we have.
It's fun to see a socialist economy colapse as a textbook example with all the "we booming!" macros going wild and people not know what the hell is going on that every offday some company colapses, does mass layoffs, can't afford housing, can't afford a car or college, or even food.
It's fun but really painful nonetheless.
Fret not tho. Same thing is happening in Europe and China.
You think this is because of socialism? The Great Recession (which happened toward the end of Bush's second term, let's not forget) was a direct result of the government's failure to regulate financial institutions, combined with a breakdown of corporate governance. This isn't even up for debate -- it is established fact.
I understand that people can be uneducated but holy... this is deliberate ignorance.
As you said it's well stablished that The Great Recession was the direct result of government involvement in the Federal Reverse policy.
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I mean the MSM or government would never lie about numbers right?
https://www.forbes.com/sites/dereksaul/2024/08/21/us-added-818000-fewer-jobs-than-previously-thought-from-march-2023-to-march-2024-government-says/
"Stocks reacted positively to the announcement, with the S&P 500 rising by about 0.3% shortly after the revisions’ release, extending its daily gain to 0.5% and hitting its highest price since July 16."
They also go on to say revisions both up and down are common and this one appears to have been overstated even so.
Economics is part math, part magic, and heavily biased since much of what goes into the equations can't easily be measured.
"True friends stab you in the front." | Oscar Wilde
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Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm
Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV
Don't just play games, inhabit virtual worlds™
"This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon
- reducing the duplications when acquiring other studios and merging them
- change of product plans, where a game is canceled or postponed
- simple elimination of the lowest performers. I've seen companies lay off the bottom 10% every year
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2024: 47 years on the Net.
https://fred.stlouisfed.org/series/GDP
The economy is doing great, companies just keep laying off people even though they're making record profits
You can prioritize profits over quality and be just fine in the short term, but when your loyal customers realize that the dip in quality isn't just a fluke, they start leaving for good. And when your new releases are all garbage, you won't be earning a lot of new customers to replace them.
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You think this is because of socialism? The Great Recession (which happened toward the end of Bush's second term, let's not forget) was a direct result of the government's failure to regulate financial institutions, combined with a breakdown of corporate governance. This isn't even up for debate -- it is established fact.
This isn't a signature, you just think it is.