Layoffs at Microsoft, Intel, and IBM

Normally I try to avoid posting straight business news, but I think that these 3 stories combine to something meaningful. Muleguy noted Microsoft is laying off 5,000, Mspangler reports that Intel is cutting 5-6k, while nonyabidness afraid4myjob submitted that IBM Layoffs have begun with no number, but estimates as high as 16,000.

Comments

Re:When will it end?

[Red Flayer]

Economists like to pretend that they're dealing with a hard science but they are wrong, so very wrong. Economics is certainly a complex field of study but it is also one of the squishiest sciences there is. Economics is psychology with graphs and math. You can talk about supply and demand, this curve and that, but we're ultimately talking about human psychology. You can't use normal logic to figure this stuff out, you have to work with crowd dynamics, herd instinct, quit talking about how people should behave and pay attention to how they really behave.

I suggest you study advanced economics before making a claim like that. Bullshit armchair economists are much different than real academic economists, and it seems quite clear that you're only familiar with one of the two.