Ask HN: What are the lockdown *factual* impacts on your job? There is a lot of buzz around the current and future impacts of the lockdown on the economy. Everything looks mostly macro-level guess play. How has the lockdown impacted your own company business, and how has it impacted your own job? |
We are the UK arm of a US fintech.
The market is in trouble.
To elaborate on this,
1) Banks are worried people won't pay their mortgages/loans/cards and they will crash 2) Banks therefore don't buy our stuff, or will seek to pay less for it. 3) We therefore look to cut costs
Everyone is taking the cuts, because there aren't any other firms recruiting right now.