Re: Tema: PPCC - Pisitófilos Creditófagos - Primavera 2023

[Cadavre Exquis]

Amazon Cutting Another 9,000 Jobs
Posted by msmash on Monday March 20, 2023 @10:40AM from the breaking-news dept.

Amazon is cutting another 9,000 jobs, chief executive Andy Jassy wrote to employees in a memo on Monday. The move, which impacts roles in AWS, PXT, Advertising and Twitch, comes weeks after the e-commerce group said it would eliminate 18,000 jobs. Jassy:

As part of our annual planning process, leaders across the company work with their teams to decide what investments they want to make for the future, prioritizing what matters most to customers and the long-term health of our businesses. For several years leading up to this one, most of our businesses added a significant amount of headcount. This made sense given what was happening in our businesses and the economy as a whole. However, given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount. The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers' lives and Amazon as a whole.

Saludos.

[Cadavre Exquis]

What's Different About These Tech Industry Layoffs?
Posted by EditorDavid on Monday March 20, 2023 @04:04AM from the company-see-company-do dept.

"According to one count, more than 280,000 people were laid off from tech jobs in 2022 and the first two months of 2023," notes a new blog post at Stack Overflow.

But then it asks the question: "What's different about these layoffs?"

The current economy has less in common than you might think with the wreckage of the dot-com bubble or the Great Recession. Overall, it's still a good time to work in tech, and the hiring market remains robust: One survey found that almost 80% of people laid off in tech found new roles within three months of launching their job search. There are more open tech positions than people to fill them (about 375,000, according to one estimate), and job listings between January and October 2022 were up 25% over the same period in 2021.

If the job market isn't as dire as we think, why does this round of layoffs feel so widespread, affecting companies often perceived as more recession-proof than their peers? Part of the answer may be what organizational behavior experts have termed "copycat layoffs." "Laying off employees turns out to be infectious," writes Annie Lowrey in The Atlantic. "When executives see their corporate competitors letting go of workers, they seize what they see as an opportunity to reduce their workforce, rather than having no choice but to do so...."

In many cases, workers laid off by household-name tech companies have found new jobs outside the traditional parameters of the tech industry, where their skill sets are in high demand. As Matt McLarty, global field chief technology officer for MuleSoft, told CNBC, businesses that have long needed tech professionals to upgrade their stack or guide a long-delayed cloud migration can now scoop up freshly laid-off tech workers (and those for whom Silicon Valley has lost its luster). Companies in energy and climate technology, healthcare, retail, finance, agriculture, and more are hiring tech pros at a steady clip, even if FAANG companies are less bullish. It's been said before that every company is a tech company, but in 2023, that's truer than ever. In fact, the biggest difference for tech workers this year, reports The New Stack, is that "the greatest opportunities may not lie exclusively in the FAANG companies anymore, but in more traditional industries that are upgrading their legacy stacks and embracing cloud native." Some of those opportunities also lie with startups, including ones helmed by Big Tech veterans ready to turn their layoffs into lemonade....

So whether you've been affected by the recent spate of layoffs or not, it's worth expanding your list of potential employers to include companies — even industries — you've never considered. You might find that they're thrilled to have you.

Saludos.

[sudden and sharp]

[ Elon igual sabe algo... ]










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[CHOSEN]

He de decir (otra vez) que el último post de asustadísimos es magistral.
PERO

Si la burbuja inmobiliaria es cosa del pueblo llano (90% pequeño-propietarios), y si los jugadores (una generación de popularcapitalistitas) son los culpables, entonces sigo sin ver como las noticias que llegan de América pueden alterar el curso de la tragicomedia española.
Mucho menos cuando el gobierno socialista -al mando de la máquina de bombear- ha apuntalando "el ahorro" (dinero de unos) con el de aquellos aún mas pobres y que ni siquiera tienen patrimonio inmobiliario.

Efectivamente, no es verdad que todo esté relacionado con todo, pero tampoco que nada esté relacionado con nada.

[Benzino Napaloni]

He de decir (otra vez) que el último post de asustadísimos es magistral.
PERO

Si la burbuja inmobiliaria es cosa del pueblo llano (90% pequeño-propietarios), y si los jugadores (una generación de popularcapitalistitas) son los culpables, entonces sigo sin ver como las noticias que llegan de América pueden alterar el curso de la tragicomedia española.
Mucho menos cuando el gobierno socialista -al mando de la máquina de bombear- ha apuntalando "el ahorro" (dinero de unos) con el de aquellos aún mas pobres y que ni siquiera tienen patrimonio inmobiliario.

Efectivamente, no es verdad que todo esté relacionado con todo, pero tampoco que nada esté relacionado con nada.

Pues igual que en 2008, primero con el corte del grifo del crédito, y luego cuando se acabe el aire y el HODL.

Apuntalando "el ahorro" aquí se está haciendo como en el 73 en la crisis del petróleo. Gasolina subvencionada y recemos para que dure poco y que el personal no se nos revolucione. Pocos años después el pais estaba hundido en una depresión económica. Hubo más factores, claro, pero fue un síntoma visible de nuestros problemas crónicos.

Cuando el mundo estornuda, España agarra una pulmonía, por nuestra condenada manía de negar primero la mayor, y después actuar tarde y mal.

Aquí el banano sólo ha empezado a bajar con la subida de tipos y la parálisis casi total de las ventas. El alquiler está tardando algo más, pero le espera la misma suerte. Al final hace falta cash, y no son tantos los que tienen el tesorito 100% pagado y les da igual todo.

[senslev]

[Cadavre Exquis]

https://www.lavanguardia.com/economia/20230320/8837834/bancos-endurecen-criterios-concesion-hipotecas.html

Saludos.

[Derby]

https://www.bloomberg.com/news/articles/2023-03-20/pimco-invesco-face-losses-in-credit-suisse-at1-debt-writedown

Pimco, Invesco Face Losses in Credit Suisse AT1 Debt Writedown

Risky debt faced write-down in deal to save Credit Suisse
Pimco is the largest holder of the Swiss lender’s AT1 bonds

Pacific Investment Management Co. and Invesco Ltd. are among the largest holders of Credit Suisse’s so-called Additional Tier 1 bonds that have been wiped out after the bank’s takeover by UBS Group AG.

Newport Beach, California-based asset manager Pimco is the largest holder of the Swiss lender’s AT1 bonds with around $807 million of the securities — the riskiest in the bank’s debt stack — according to a person familiar with the matter who isn’t authorized to speak publicly.

Because of the extraordinary government support, the takeover is set to trigger a complete write-down of 16 billion francs ($17.3 billion) of the bank’s AT1 bonds in order to increase core capital.

Pimco also holds almost $3 billion of Credit Suisse senior bank bonds, some of which have risen by around 25 cents on the euro on Monday compared to Friday’s levels, the person said. That may have offset some of the losses from its AT1 exposure.

Elsewhere, Invesco holds around $370 million of Credit Suisse’s AT1 debt, according to data compiled by Bloomberg.

BlackRock Inc.’s AT1 exposure at the end of February was around $113 million, according to Bloomberg-compiled data. BlackRock has reduced some of its holdings in recent weeks, according to a person familiar with the matter.

Representatives for Pimco and BlackRock declined to comment, while Invesco did not immediately respond to requests for comments.

AT1 bonds are a legacy of the European debt crisis, and are the lowest-ranked bank debt, offering attractive returns in good times but taking the first hit when a bank runs into trouble.

Some holders of the bank’s AT1 bonds are preparing to push back on the regulator’s decision to write off the debt. Traders at Goldman Sachs Group Inc. are preparing to take bids on claims against Credit Suisse that could see investors recover some value, potentially through litigation, people with knowledge of the matter have said.

[Cadavre Exquis]

https://elcorreodeburgos.elmundo.es/articulo/burgos/vivienda-lujo-jovenes-15000-menores-35-anos-aun-viven-padres-burgos/20230319213209420147.html

Saludos.

[muyuu]

First Republic se desploma otro 47% hoy (un 90% en un mes)



simplemente brutal

[Cadavre Exquis]

https://elcorreodeburgos.elmundo.es/articulo/burgos/cuando-ladrillo-importa-mas-que-sillares-que-construyeron-castilla/20230319215326420150.html

Saludos.

[Negrule]

Esto lo alquilan por ese precio?

https://twitter.com/alanbarrosoa/status/1637840498697158658?s=46&t=d1UBgFMdWJyaLP6Oq3OMTQ

[Benzino Napaloni]

Esto lo alquilan por ese precio?

https://twitter.com/alanbarrosoa/status/1637840498697158658?s=46&t=d1UBgFMdWJyaLP6Oq3OMTQ

Cosas peores se han visto en El Zulista, la cagaducha es un clásico.

[Derby]

First Republic se desploma otro 47% hoy (un 90% en un mes)



simplemente brutal

https://www.benzinga.com/top-stories/23/03/31426958/dimon-leads-first-republic-funding-efforts-stock-tumbles-45-amid-wild-volatility

Dimon Leads First Republic Funding Efforts, Stock Tumbles 45% Amid Wild Volatility

Jamie Dimon, CEO at JPMorgan Chase & Co., is leading talks with other leaders of prominent banks to resolve the First Republic Bank crisis, the Wall Street Journal reported on Monday.

Last week, 11 of America's major banks gathered $30 billion to provide a deposit infusion at First Republic, with Chase putting $5 billion alongside Bank of America

A bank official said on Sunday that First Republic Bank is well-positioned to handle short-term deposit outflows. Since the start of Silicon Valley Bank crisis, deposit withdrawals from First Republic have exceeded $70 billion, according to the WSJ.

The Latest On First Republic: On Monday, the Wall Street Journal said sources familiar with the matter raised the possibility of transforming some or all of the $30 billion in deposits into a capital injection.

The major banks are making every effort to avert system-wide confidence crises as a result of bank collapses. It looks like a rerun of the months leading up to the 2008 collapse of Lehman Brothers, when JPMorgan and Dimon purchased Bearn Stern following its bankruptcy.

Yet many investors remain skeptical that the measure would be adequate to bolster trust in smaller troubled banks.

On Monday, trading in First Republic shares was briefly halted, before the stock continued to fall up to 45% on the day to $12 per share, hitting fresh all-time lows.

First Republic Downgraded Further To Junk: S&P Global Inc. lowered FRC's credit rating on Sunday from BB+ to B+, deep into junk territory, and issued a warning that more downgrades are probable due to "high liquidity stress with substantial outflows."

The report said that although the influx of deposits may alleviate near-term liquidity difficulties, it "may not solve the substantial business, liquidity, funding, and profitability challenges" the bank is likely to face.

[Cadavre Exquis]

https://lectura.kioskoymas.com/cinco-dias/20230321/page/2/textview

La anorexia de suelo de las gandes promotoras es una señal de cautela

https://cincodias.elpais.com/companias/2023-03-21/las-grandes-promotoras-de-vivienda-pisan-el-freno-en-compra-de-suelo.html

Saludos.