They finally finally addressed how bad the job market is. Before they were all like "we need to cool the labor market and suppress wage inflation" which is code for "we want to punish working class for inflation instead of the rich which just got richer by eating away jobs and having wages nosedive so that these peasants get to spend less and the owners can get away with underpaying"

Software Engineer

Product Manager

The Federal Reserve cut its benchmark interest rate by half a percentage point, marking the first reduction since the pandemic began.  This significant cut leaves the federal funds rate at a range...

Welcome to News Discussion's Private Community

- The Federal Reserve cut its benchmark interest rate by half a percentage point, marking the first reduction since the pandemic began.
- This significant cut leaves the federal funds rate at a range of 4.75 to 5 percent, with more reductions expected.
- Fed Chair Jay Powell emphasized the move aims to maintain economic and labor market strength while addressing inflation.
- US stocks initially rallied but later dipped, reflecting market uncertainty about the Fed's future actions.
- President Joe Biden welcomed the decision, highlighting its positive impact on inflation and job creation. 

 Source: [Financial Times](https://www.ft.com/content/bff9e6d8-8906-4b3d-9ff3-72b091b6cd9e)

Federal Reserve Slashes Rates, Signals New Era of Easing

Journalist

Federal Reserve Slashes Rates, Signals New Era of Easing- Grapevine

Welcome to Personal Finance's Private Community

Can some explain in layman terms the 50 basis point slash by Fed

Growth Manager

Welcome to IT Company Discussion's Private Community

What do you think guys will it have a positive impact on IT hiring? And IT stocks offcourse

Fed rates cut by 50bps

DevOps Engineer

Welcome to Software Engineers's Private Community

When can we expect the market to be up and we get the calls for hiring?
Currently, hardly any interview calls are approached.

When will the market be up?

Software Test - QA

Welcome to Indian Startups's Private Community

As we bid farewell to the challenges of the past, let's delve into why 2024 is poised to be a game-changer for the Indian Startups! 🚀

In 2020, the world weathered the storm of COVID, followed by unprecedented quantitative easing. We then saw that in 2021 the bull run came soaring. Investors, fueled by the appetite for riskier assets led to a funding boom for startups as salaries soared.

Fast forward to 2022, and the music is about to stop. The realization that the Fed would hike rates to curb inflation means that funding is about to dry up as big money will be invested away into debt/T-Bills. Though demand remained robust, the stock market felt the impact as JPow raised the interest rates. 

Late 2022 and 2023 saw the tech landscape experiencing layoffs, and startups facing significant headwinds. It’s a wonder  if anyone raised this year.

But here's the twist—2024 looks brighter. The stock markets have rebounded to all-time highs, signaling that things may be on the rise. Despite geopolitical tensions in Ukraine and Iraq, the macro outlook for India shines bright. 

For Indian Startups? VC Funding is still here to stay. So keep your heads down and keep building. From what I am hearing, it is set to make a roaring comeback. There is now significant rationality in the funding ecosystem leading to realistic valuations.

However, this revival will come with a plot twist. Newer companies, fueled by fresh funding, are set to rise, while most of the lofty valuations of those who raised in 2021 are about to crash and burn.

So buckle up folks. Let’s see where it takes us.

What do you think? 🤔

[Thread] Why 2024 is going to be a massive hit for the ecosystem?

Reads like an year end address from the company MD before the employees realize there are going to be no increments this year

Business Development Manager

50 Basis Points Rate Cut

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. 
I still remember the days, when the single greatest attack on the soul of the country took place in Mumbai on 26/11, all we could do was establish backchannel diplomacy with the likes of the US to get Pakistan to 'calm down'. Not a single bullet was fired in return in a nation that perceived our weak national security as par for the course, getting the Congress led UPA that presided over this moment of unparalleled humiliation, a thumping verdict in 2009. That was an India where we would lament the lack of credible retaliation options including Covert Ops. It was often stated that IK Gujral rolled back R&AW operations outside the country as an excuse for our lack. Although, no action was taken to initiate the operations again. NONE. But excuses were ready should failures occur again.

That India of my childhood, seems like a distant past. When URI and Balakot happened, we crossed the LoC and launched Spl Ops to impose rising costs upon Pakistani aggression. Khalistani or old thoroughbred battle hardened Islamic Jihad commanders in Pakistan or PoK are being neutralized, further raising costs to threatening Indian interests. 

This is not the India I grew up in. 2004-14, when we ought to have taken off, came a pauper after the initial global liquidity fuelled growth from 04-07. Congress went on a far left loony socialistic binge, with massive amounts of debt given to Crony Industrialist friends leading to an NPA crisis which led to Private investment paralysis, plummeting growth further, and inflation hitting the skies. 

But now, we are poised for a decade or two of rapid, high quality, solid economic growth. All of these factors combine to bolster our Gross National Power like never before. 

We were supposed to be poor, timid and helpless. We pursued sympathy over strength. But I guess, this is no longer the India we knew of.

This is NOT the India I grew up in

This is not the India I grew up, where there was some trust left between religious communities and people were mostly tolerant of each other. Indian cricket team had a Muslim captain, and now an Indian Muslim fastbowler is facing Internet trolls.  
  
 This is not the India I grew up in where hate mongering was not mainstream and was frowned upon.  
  
  
 This is not the India I grew up in. Democratic institutions were fairly independent and there was no Supreme leader worship among the masses.

Finance Consultant

Co-Founder

Currently in a good WLB company but thinking to go for more challenging environments now.
Will it be a good time to apply to companies and switch considering lot of news regarding layoffs in first half of 2024 are going on.

Is it a good time to switch?? Hearing a lot of layoff alerts for 2024

Software Developer

Early signs of recovery

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to  day life.... 

We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... 

In that scenario, let's us discuss some scenario :
1. What will be impact on rental yields of tier  1 cities and consequently what will be overall impact on Indian real estate 
2. What would be impact on banking interest rates 
3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. 

My opinion :
1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 

2. We will begin to witness  overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs,  banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 

3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society?  What are things that will still hold value then? 

Don't you think current big techs will become East India Company of future indirectly controlling world's economy? 

I would love to know what do grapevine folks think about the same  !

Discussion about post white collar labour economics

Welcome to Office Gossip's Private Community

Why are they laying off despite the market boom? Especially azure

Microsoft layoffs

Do you feel 2021 level of Job Market is back?

Suddenly the number of jobs have increased

Is 2024 gonna be even bad year for job seekers. Last 1.5 years was terrible. Please share your thoughts

2024 Outlook for Software job seekers

Any opinions or guesses on when will the tech bull run will start again in short when this recession will go away and market will be stable?

Tech recession

All of my feed is now filled with layoff posts from ex faang employees.
The same feed was filled with posts showing off joining gift last year. 
What is happening. Why is it happening. Who is responsible for this. I am totally not sure.
Will there be a 2008 like crash, this time because of overhyped tech sector ?

Linkedin Now

I have avoided SBI always in the past. Even few days back, someone here on GV bashed SBI when he had to wait 3hr for account opening. But the prospect of being defrauded and shortchanged for loans, with random charges added and preclosure being a pain, I am dreading to interact with Private banks and NBFC's.

I haven't had the experience of servicing home loans/personal loans with HDFCs or other banks yet. But I was planning on getting a personal loan this month and HDFC is offering very competitive rate of 11%.

Do you guys have any reviews on their service whenever you have needed something adhoc?

Deposits and Credit cards from HDFC, but borrow only from SBI

Investment Manager

Just an open ended question on why are layoffs happening on such a scale. I personally feel the skill to salary ratio has fucked up so much lately that the companies are having to fire people who are essentially useless to them. More of liabilities than just assets! What do you think?

Layoffs - who do you blame?

Absolutely agreed. Hiring in hordes because money was easily available earlier and founders/companies thought that they will be able to build more and hence get more value / valuation sooner was the core reason why the skill to salary ratio got f’ed up. And it’s good that it’s being reset now. 
  
 Coming to who to blame for layoffs - no one. It’s pure capitalism - there was money, hence there were jobs. For whatever time people got paid a lot more than they deserved - they should be rather thankful. If they built their life around the assumption that this much money was the new normal, it was their naïveté. Companies got to survive, and they have to do whatever has to be done… as long as it’s ethical. Firing is fine. Not paying salaries / dues is not.

Founding Engineer

Software Lead

Loving how 2024 is looking actually. Getting rid of my cash position and all in on equity. Plus, locking in the good interest rates FDs. Not seeing lucrative returns on FDs till the next quantitative tightening now. 

Godspeed! Time to make some 💰

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Federal Reserve Slashes Rates, Signals New Era of Easing

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