Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror
×

Comment Running the business as needed (Score 3, Interesting) 10

It's not like the company hired all of their employees last year, and now suddenly realizes they screwed up. Telus has hired people over the course of decades. Needs of the business change over time. For instance, there's been a multi-year fibre rollout that the company is wrapping up. The build-out phase has ended, so it's not unreasonable that the company might do some rightsizing.

Additionally, 1/3 of the layoffs are also hitting Telus International, which isn't part of the capital-intensive telco business. Telus International announced that their customers are cutting back, so naturally they need to react.

Comment Re:What a waste of time (Score 2) 10

The issue here is Microsoft buying up an *existing* popular franchise and no one believe they would not make it exclusive. Calling it moot is just sticking your head in the sand and ignoring the real issue.

It's moot because it's already been addressed. MS signed deals with Nintendo to make CoD available on their platform for 10 years, and also signed a 10-year deal with Valve to simultaneously release new CoD titles on Steam. A similar deal was offered to Sony, who declined and instead decided to use the FTC to fight a legal battle in order to maintain their dominant position over a smaller competitor.

Basically all other countries' regulatory bodies have found the deal would not result in a substantial lessening of competition. The FTC is the outlier here.

Comment Re:We spent 30 years packing the courts (Score 3, Informative) 74

they literally just bought Bethesda and made their big titles exclusives making it painfully obvious they'll abuse their market dominance.
 

What dominance? MS has been an also-ran for years in console gaming. And as far as exclusives, schoolyard bully Sony has done plenty of their own. As was revealed during the court proceedings, the future of Call of Duty on Xbox was in jeopardy. Effectively, the FTC was being used by Sony to stop one of their competitors to maintain their own market dominance.

Comment Zone defense (Score 1) 88

Zoning laws exist for a reason.

Preventing a chemical plant next to a kindergarten? Sure.

Mandating that certain people sleep here and other people sleep over there? C'mon. The NYC hotel industry has long lobbied for restrictions on AirBNB listings because it drives more customers their way. The hotels have paid the price to jump through the city's regulations, and now they're defending against new market entrants. See: "regulatory capture".

Comment Re:Every puddle is not a wetland. (Score 4, Informative) 246

The EPA seems to think if there is water (even some of the time) it is a wetland.

Citation required. I get that you may not like the EPA, but you're making a claim without providing any evidence, not even an example.

EPA website definition confirms that surface water during some of the year is a wetland: "Wetlands are areas where water covers the soil, or is present either at or near the surface of the soil all year or for varying periods of time during the year".

Comment Not a lot, or perhaps too much (Score 2) 68

And as usual nobody's thinking about what jobs these folks are going to take.

Should they be?

Assuming "they" is the government, I don't know why they'd have some particular insight as to the future economy and the motivations of soon-to-be-unemployed workers. Looking at the recent past, the push to turn coal miners into rudimentary coders is looking neither successful nor effective, given the coding capabilities of ChatCPT.

The best course of action is for all workers to be aware that their job (or even their entire job function) may be obsolete tomorrow. This is generally a prudent idea, regardless of the predicted AI doom. Considering that most workers have several different job types in their working career, the process of retraining and career changing has been a continuous process for a long time.

Comment Like Iceland and aluminum (Score 3, Insightful) 25

Aluminum accounts for nearly 40% of Iceland's exports, yet the island has no alumina reserves. Alcoa imports alumina, then smelts it on the island. Why go through the trouble of shipping heavy loads to and from a frozen island in the North Atlantic? Because the process of smelting alumina into aluminum is hugely energy intensive, electricity is basically a required input, and Iceland has tons of it (thanks, volcanoes!). Effectively, Iceland has found a way to export their electricity, despite being relatively geographically isolated.

It's important for an economy to have a way to have foreign currencies coming in. Bhutan's geography also makes trade of physical goods difficult, but Bitcoin mining is their method of exporting electricity.

Comment Just like they broke the Boeing Airbus duopoly? (Score 0) 49

I don't doubt that China will invest "whatever it takes", but when will they get results?

Boeing and Airbus have ruled the skies with widebody passenger planes for decades. China is the largest aviation market in the world, yet scarcely participates in the production of jetliners. Widebodies are the prize, but China hasn't even caught up with 100+ seat narrowbodies: Comac has delivered 1 (one!) C919. American, European, Russian, Brazilian, and Canadian aircraft companies have managed to deliver 100+ seat planes to operators. Each took a lot of effort and development. But making a reliable aircraft is difficult. Replacing ASML will be even more difficult.

Comment Fewer than 2% of workers make minimum wage (Score 1) 425

Keep in mind that most people don't have an extra 2k to invest each month. Full-time employment at the federal minimum wage is only 1160 per month. Most people making minimum wage only get 32 hours so they don't have to be provided healthcare.

But most people aren't making minimum wage. In fact, it's less than 2% of hourly workers. Besides, the article is discussing workers nearing retirement age, which are typically peak-earning years.

Comment Not like the bad old days (Score 2) 162

This isn't like the old days when you lost your job at the buggy whip factory and went to work for Henry Ford. Your job is being eliminated and not replaced.
 

This also isn't like the old days when you had one job for your entire working life. The modern worker has around 10 jobs during their working life. The labor force (and labor market) is far more dynamic than it used to be. Young workers just entering the labor force may well end up finishing their career with a job that doesn't even exist right now in 2022.

Slashdot Top Deals

FORTRAN is not a flower but a weed -- it is hardy, occasionally blooms, and grows in every computer. -- A.J. Perlis

Working...