Will Page: So we're gonna go back to our foundational series of Bubble Trouble Podcast where I assume no prior knowledge on a complex topic in finance, which for me is called method acting, and then I grill someone who does know a lot about complex topics and financial markets, that's Richard Kramer, so our audience can make sense of it all. This one is for our audience not for ourselves, and I wanna get straight into this headline frenzy about hiring freezes, headcount reductions, and cost-cutting we're seeing in tech companies, which in many cases have never had to do this dance before. So let's dive in on that point, Richard. When we talk about first cut's the deepest, full credit to Cat Stevens in North London or there, but would it be fair to say that the Googles, the Amazons, the Meta Facebooks of this world haven't had to cut before Is this the first time that we've seen net reduction in headcount in these tech companies
Will Page: Fantastic. Well, you've taken us through the first, second, and third cut in the deepest. Let's park it up for part one. And p- part two, I wanna get into how these cuts are working with stock buybacks. How can companies hack their workforce yet buy up their own stock But for the now, First Cut Is The Deepest and we'll be back for the second and third in the second-half of this show.
Now, let's bring it to a close with what we do best. I've got a pair of Rizla's, you've got some tobacco, we're gonna go smoking. But the first cut is not the deepest, you've clarified there is gonna be a second and maybe a third on its way. So with regards to those two and three, what about giving us one or two smoke signals so the audience can sorta get their head around the whole of this layoff business and understand what's really going on beneath the headlines that we're reading right now.
This has been myself, will Page, and Richard Kramer, Bubble Trouble, making sense of the headcounts, and understanding that first cut is not the deepest, there's a second or third cut to come, and we'll be back next time with our own two people unless we've reduced our headcount of the show down to one. Thank you so much for listening. We'll see you again soon. 59ce067264