Analysts want Layoffs
Some Wall St. Analysts are urging Microsoft to make 10% cuts in staffing, to make the company more profitable during the downturn.
I have a better idea. Why don’t we look at analysts own track records before and after the downturn to see who correctly predicted the current economic circumstance. Then we might see which analysts should keep their jobs and which should find new lines of work altogether. Because frankly, there are far too many analysts who now say the sky is falling but just four months ago didn’t have a care in the world. Did these people suddenly gain intelligence or wisdom? Or are they just spouting nonsense, 180 degrees from the nonsense they spouted before?
Let’s worry less about the short-term trading goals and more about accountability, okay?
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