Yep, exactly. As I said - never say never.
Fixed it for you
Married couple working for same company is risky although the allure of two goog income is vary tempting especially with the high cost of living. Also one should not have a significant amount of company stocks in their retirement accounts. Just ask those 7 figures 401k Enron employees. Your paycheck and RSUs are already tied to your employer. No need to put all eggs in one basket.
2 Likes
Nearly all of these tech employees have tons of equity in the companies. I agree itās silly to put your eggs in one basket though Iām sure the insane compensation for what is essentially adult day care is attractive to many.
5 Likes
Yep, ur still wrong. Thx.
āSo much of our worth and success has always been tied to our career and the name of our employer,ā
And bragging about jobs perks on social media, while their employers are trying to cut back.
3 Likes
The first draft that quoted āIāve been to the mountain topā was probably more impactful than what she delivered.
1 Like
That was indeed a terrible choice for a quote. According to Abraham Lincoln, MLK never had to lay off anyone.
1 Like
An all-time LH classic thread.
Thousands are being fired! How does this benefit my personal prospect of a slightly deeper discount on my new luxury vehicle?!?!?!
7 Likes
āHow might I make discount lemonade from someone elseās full priced lemons?ā
3 Likes
Thatās how the world works.
Thereās winners and losers. Which one will you be today?
Wellā¦ it is sort of level setting.
Many people got paid more to work at home so they paid over MSRP for wish cars they barely drove.
Now that the rush is over, inventories going up, plush buyers going downā¦ hack time!!
But I think itās going to be slow because it will take a while for mfrs/dealers to need to incentivizeā¦ which is why people are looking at EV credit deals.
Itās generally considered polite to at least nod to someoneās deep personal misfortune before you ask how to exploit it.
2 Likes
Would think of more so how it helps inflation. These tech companies paid out tons of dough for their workers to basically mess around all day, fueled by the immense liquidity provided by central banks.
It sucks they lost their jobs but these bloated tech jobs going away represents nature healing economically from the voodoo world weāve been living in.
āExploitā is a bit strong as the OP asked how it would impact the luxury car market and what would dealers do.
But yes, layoffs are unfortunate for those affected, but company bloat is unfortunate for the economy and everyone in general.
As was a pandemicā¦ as was supply chain issuesā¦ as was exorbitant dealer blessings.