May 17, 2022 · Episode 303

Twitter's Lots of Bots, Netflix Isn't Joking With Employees

3 predictions · 3–0 · 100% accuracy

Scott's predictions3

Venture-backed 'unicorn' tech companies will undergo mass layoffs and cut SG&A costs by 20-30% within the next six to twelve months (by around May 2023).
“you're about to see the great layoff. It's gonna be amongst Great layoff. The unicorn folks that we have been just hiring everyone for so long. And it didn't matter. Just grow, just grow, just grow. Pay them what they want. These companies now are gonna go into a room and go, we need to reduce SG and A by 20 or 30%.”
Tech · Checkable · by May 17, 2023
Came trueResolved Jul 2022
Frontline worker employment (e.g., at restaurants like Panera) will remain strong and hard to fill, in contrast to tech layoffs, over the coming months of 2022.
“Frontline workers, our employment's gonna be really strong. You know, Panera, we just can't get. We can't find people fast enough, and we need people, and people have money.”
Other · Judgment call · by May 17, 2023 (inferred)
Came trueResolved Nov 2022
A large wave of layoffs in the information/tech industry will occur over the next six to twelve months from May 17, 2022, causing layoff tracking sites to show a significant spike in activity.
“But you're about to see the great information age layoff, over the next six to twelve months. That company, that site layoff tracker is about to get really, really active.”
Tech · Checkable · by May 17, 2023
Came trueResolved Nov 2022