[mschuster91]

> The earnings Maersk has posted reflect the past. The mass layoffs reflect the future of the company (i.e., less demand in the future).

And should demand pick up again in 2-3 years worth of time, they'll now have a really hard time ramping hiring back up... fucking beancounters don't learn, even as the aviation industry is right now showing just how bad this effect can get.

[ViewTrick1002]

Not really. The shipping industry is known to be extremely cyclical with a liquid labor market. The companies who survive are the ones that react accordingly.

In just a couple of years they have went from scarcity and record profits to a capacity glut and shipping prices cratering.

[gruez]

I'm going to go on a limb and say that the "fucking beancounters" has done more financial modeling on this decision than some armchair CFO on hn who probably haven't even seen their last quarterly statement.

[hef19898]

Especially since people on HN eho are "tech worker" assume the, including an over exagerated importance of themselves, tech employment dynamics apply to other industries. Not that the tech employment is anything like people think is, the mass layoffs showed as much. And as soon as FAANG start hiring again, most on here would be happy to sign up again.

[paddim8]

Why do you think you know more about this than them?