Recession effects

Apple
take-it

Go to company page Apple

take-it
Apr 25 16 Comments

Let’s assume there is a pending recession.

Tech might not to be affected much like during the COVID

Here’s the reasons:

1. World is still going to post reels
2. We are still going to use search, maps
3. Buy phones, watches and pads
4. Watch streaming
5. Shop Online
6. Post shitty preaching posts
7. Take ride shares
8. Pay taxes
9. Order take out

TC 420

16

comments

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 TOP 16 Comments
  • Investment Bank
    Glinda

    Investment Bank

    PRE
    HP
     Glinda
    Everyone is affected during a recession, tech is NOT exempt. All you have to do is look at layoffs in 1987, 2000, 2008 to understand that.

    Apple sales will go down. Yes, people will still use phones but why would I pay $1,000 for an iPhone when I can get by with a $200 Android, if I am unemployed or worried about losing my job.
    Apr 25 4
    • Microsoft
      jökull

      Go to company page Microsoft

      PRE
      Google
       jökull
      Good points @ubted9 I heard some companies prioritize layoffs but cutting the low performers first. The next group they nix are the folks with the high salaries which puts a lot of targets on managers’ backs. It would make sense if SWEs were vulnerable for that reason too.
      Apr 25
    • New
      iwx82a

      New

      iwx82a
      Yall are correct. Some sdes are making over half a million. I wonder if cfo and hr just target engineers for layoff because of how much we cost. Don't need 500K developers when there are no features to push out
      Apr 25
  • Amazon
    Iced

    Go to company page Amazon

    Iced
    Everyone will be affected. Housing market, jobs, all stocks. Everyone. The country needs a recession so it can heal and get back to how things were prepandemic instead of all this greed.

    Workers also need some incentive to work again. Many are demotivated and depressed
    Apr 25 1
  • Microsoft
    jökull

    Go to company page Microsoft

    PRE
    Google
     jökull
    No one is safe from a recession. Tech was absolutely affected and many people lost their jobs during Covid. Remember what happened to Airbnb? That’s only one example.

    Tech *especially* won’t be safe if the next recession is cause by a solar flare that wipes out all of our electronics.
    Apr 25 0
  • Amazon
    aboottime

    Go to company page Amazon

    aboottime
    Nah I’m just gonna give my things away and live on the streets. Less money less problems
    Apr 25 0
  • Dat TC tho
    Apr 25 2