It's actually possible that the NK hackers are taking blame on behalf of CCP. Would take too long to explain fully. Just imagine NK as a "blame proxy" for CCP when it comes to the edgiest operations
exactly. they panic hired a bunch of contractors with no real operating plan on how to utilize them, and now taxpayers are footing the bill for the contracting company CEO's third mansion.
What is this guy smoking? He presents a false dichotomy of saving "labor" vs "assets". Look, if assets depreciate, it affects balance sheets of everyone, including corporates, and induce a balance sheet recession which reduces reinvestment into the economy. Everyone's fked then, too. It's all connected.
Having managed and laid off people (unfortunately), I would guess middle managers have already been given a number X to cut already, and they are spending some sleepless nights already trying to figure out exactly what to say (unless they are too chicken and have HR personel do the firing)
By definition, so are the incidents that are reported by NYTimes. Amazon has hundreds of fulfillment centers around the world, and it's possible that the sufferings of some workers are exceptions, not the norm.
I think growth of cloud business - net / net - will decrease in 2020.
1) The basket of customers who may do a big Cloud migration may shy away from big CAPEX projects (unless it's a very low hanging fruit that saves money).
2) It's not completely obvious whether cloud saves money, it really depends on the customer case by case.
3) The big sales pitch for cloud migration was so it can add features faster. Adding new features isn't on top of people's minds right now
4) Existing cloud customer will find ways to optimize their cloud spend.
"Over the past few months, we have experienced the mainstreaming of technology-enabled behavior previously thought of as being on the fringe. Shopping for groceries online and having them delivered, for example, was something of coastal luxury."
Food / grocery delivery is still to expensive to be the "norm", especially for the middle class.
"It is not as if they had a choice. COVID-19 has exposed one harsh truth: digital channels are more flexible and faster to adapt to change than physical channels."
Yes. That being said, physical stores (after a CMBS crash) may get massively underpriced coming out of this recession.