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NEWS CLUES: Cloud Cost Insights On Recent Economics News
Manage episode 478240119 series 3660642
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IS THERE REALLY SOMETHING TO FEAR?
The IMF recently reported that the majority of countries are unlikely to enter into a recession. However, industry analysts are still predicting a shallow recession is possible. In line with this recent news, Nick and Jason share their thoughts on what this means for cloud spending and cost, and how this impacts budgeting for the year. The two also discuss how this relates to people’s current sentiments on the economy, labor’s current status, and how tech companies are preparing for the coming shallow recession. Find out more in this latest episode of Cloud Cost Optimization.
WORDS TO OPTIMIZE YOUR DAY
NICK: THOUGHTS ON ECONOMIC SENTIMENT
“The sentiment is still there. And it takes a while to change. It takes a while to change sentiment around the economy. Everyone's looking for the positive signals and the uptick, but everybody's in conservative mode.”
JASON: OVERHIRING IS THE TRUE REASON FOR LAY-OFFS
“I think a lot of the tech layoffs were due to the over-hiring during the pandemic, and it just and obviously preparing for what could come in 2023.”
NICK: KEEP CONTROL OF YOUR CLOUD SPEND
“It's still important to keep control over those cloud spending, I think we got a long road out of the downturn still, in certainly with labor shift, it becomes more important than ever to kind of have your arms around what's going on inside of your organization, whether that's building a fin ops discipline internally, or whether that's, you know, getting help from an external source, or that's having the right tools in place in order to have that visibility.”
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