He should just be honest and said “this $1m is a mandatory payment to trump so that he exempts Apple from tariffs, no other reason”, of course, then it’s an obvious quid pro quo.

Not that easy when it’s a fleet of servers in multiple remote data centers. Lots of IT folks will be spending their weekend sitting in data center cages.

The 2017 tax bill that the Republicans rammed through had a time bomb in it for software developers. Starting in 2022, companies could no longer expense R&D costs, and instead had to amortize them over 5 years. This has led to massive tax bills in 2023 for companies. I have no doubt that this is another major factor in the recent tech layoffs.

Take an imaginary bootstrapped software business called “Acme Corp.” This company generates $1,000,000 of revenue per year running a SaaS service. It employs five engineers, and pays each $200,000. That is $1,000,000 paid in labor costs. For simplicity, we omit other costs like servers and hosting, even though those costs can also fall under the new R&D rules, and have to be amortized. So, how much taxable profit does this company make?

In 2021, the answer would be zero profit. In 2022, the answer was $900,000 in profits(!!)

https://newsletter.pragmaticengineer.com/p/the-pulse-will-us-companies-hire

Visa, for example, spent $10 in the 12 weeks to October 6, compared to $77,500 during the same period last year, according to Sensor Tower’s data.

I’m no business genius like musk, but I’m gonna take a guess that wouldn’t even pay the bills for the ridiculous X sign he put on the roof and then had to take down.

I think it varies by seniority. We had layoffs, and all of our lead and principal engineers were able to land a new position in 4-6 weeks. But the junior, mid, and even some senior level engineers had a far rougher time. And managers/directors are having a really difficult go of it right now.

The result if you unfortunately have Google’s “Bard AI” search lab turned on. At least it has a disclaimer that the results may be garbage.

Yup… bought the remove ads feature as soon as it showed up to support the dev. I imagine losing the revenue stream from reddit was pretty impactful.

Pretty sure this one is the result of mixing cleaning products…