So begins labor cost-cutting in tech. Pretty soon they'll be opening a Bengaluru office and cutting headcount in the US, I would bet on it. React frontend engineers about to find out that they are very much on the labor side of the labor/capital divide.https://twitter.com/KurtWagner8/status/1263518791499046912 …
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The X factor is whether FBs move causes other companies cut eng headcount in the bay--once one company actualizes the cost savings it will be difficult for other CEOs to justify why they're not also cutting costs.
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Reading Zucks announcement reminded me a lot of this tbh https://www.bloomberg.com/news/articles/2019-10-28/jpmorgan-weighs-shifting-thousands-of-jobs-out-of-new-york-area …
End of conversation
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