Hey, at least it’s corporate job cuts instead of the day-to-day employees that actually keep the business afloat?!
I’d like to think that they’re actually learning something here - but I imagine the lower level employees are next on the chopping block when Robotics/Automation are at a point where they can cut those jobs too.
Eventually the goal is to just be left with the C-Suite execs/board members, no doubt.
I don't think this bubble is comparable to previous bubbles. The mortgage bubble was inevitably popped because unqualified people were getting mortgages for mansions that's regarded. The dot com bubble popped because every company and its mother was saying they're going online and investors would throw them money despite no roadmap for profitability.
This AI bubble that is constantly being innovated and making breakthrough is currently making waves in labor market and who knows what potential it could bring in the future maybe C-3P0 or Data advanced AI self thinking robots.
Asst calls aren't even moving if you bought this morning. Options chain prices are wild. Same strike for like 2/2.5/3 c. Idk a ton about option technicals but I don't see that too often