It’s a tech wreck

we are UNDERSTAFFED! We can’t hire enough software, firmware, systems, and hardware engineers at our company. We do have a hiring freeze, but that should change since we are barely able to keep up with the pace. I’m sure that may change sometime in the future – but as of now – totally swamped working 40-60 hours a week – company size is 16k.

Everything is a wreck, if you look around without eyes covered. I predict the oil companies will fall too given that they can’t gauge us as literately as Bush regime. Back to the point, I put out yesterday: this is a unusual time, we need to think out of box (textbook)…

Whenever there is a slight slowdown, the tech big guys start dying; they have nowhere to hide. They will probably need to layoff workers and cut spending.

Microsoft has a monopoly, charging whatever they want. If they can’t make money, they’re pretty screwed up. In their case, it sounds more like a management problem.

I think the mixed results in Tech represent the “value proposition”. Brands and products that provide good value in lean times will prosper. The nearly “planned obsolescence” of IT systems (e.g. computers that get thrown away every 2-3 years, either because of broken hardware or obsolescent software), along with the relatively unchallenged touch-labor costs of these systems, means that both consumers and business consumers are re-evaluating their IT investments. The era of “anything the CIO wants, he gets” is probably past (and that’s A Good Thing…)

Yes, every company will need to lay off workers and cut back on spending.

Hello – the US has 6x (As in six times) as much retail space per person as any other nation. Raise your hand if you honestly think we can continue to support this? Raise your hand if you actually think that 70% of an economy running on consumer spending will work.

While a lot of tech business is business, a goodly portion is consumer spending. Much of which people don’t really need, much of which they already have what the need, and most of which is built over seas.

And keep in mind that so much as a 5% reduction in sales is an absolute disaster. Tech is going to be coming down hard.

This is a major recession. How did you ever get the idea that there would be sectors of the economy exempt from it?

Institutionalized fraud is hard to recover from, and this is going to be around for a while. People are still harboring some really silly ideas about why things went wrong and what to do about it. I think the president’s people will prove to be very capable, but we’re in uncharted territory, in grave danger, and half our oarsmen are listening in rapt attention to an ideological preacher.

Anybody got a life jacket?