Well, I probably won’t. My employer has been around longer than the United States. Unless the bubble takes out civilization as we know it, we will probably ride it out.
They went through a pretty devastating financial loss about a quarter century ago. That was their existential crisis. It refocused management pretty forcefully on making sure they never have to have layoffs again. They may forget the lessons eventually, but I see no signs of it so far. They were still paying bonuses through the pandemic.
We also don’t have shareholders to appease which makes it easier.
I’m hoping the bubble bursts soon so I can get some cheap drives.
The prices won’t come down when the bubble bursts, you will just lose your job.
Well, I probably won’t. My employer has been around longer than the United States. Unless the bubble takes out civilization as we know it, we will probably ride it out.
They went through a pretty devastating financial loss about a quarter century ago. That was their existential crisis. It refocused management pretty forcefully on making sure they never have to have layoffs again. They may forget the lessons eventually, but I see no signs of it so far. They were still paying bonuses through the pandemic.
We also don’t have shareholders to appease which makes it easier.
Good job finding secure employment.
There is no question that I’m definitely one of the luckiest wage slaves you’ll ever find.
Bad news, it’s gonna be at least 2028 when that happens since most of the manufacturers have long term supply contracts up until then at least…
If the AI bubble bursts, and companies start going bust, they won’t be able to pay for the drives they ordered in those contracts.
A contract doesn’t mean anything if the party you are in a contract with is unable to honour their end.
That’s true, but IF the companies do collapse then we’re still in for a long disruption since who will be making the RAM, HDD and Graphics cards?