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No. Layoffs don't equate to recession. Quite the contrary they represent increase in efficiency.
by zenincognito 7y ago
No. Layoffs don't equate to recession. Quite the contrary they represent increase in efficiency.
- lowkeyokay 7y agoWhile I agree layoffs don’t equate recession they are often a precursor. Of course hirings should be considered too. Layoffs > hirings is almost always a bad sign for the economy.
- theFeller00 7y agoExactly. Especially with growing wages and shrinking revenues. Watch for the first uptick in unemployment claims. Companies will cut workers to make estimates.
- Traster 7y agoI certainly agree that layoffs don't mean a recession, but I don't see how you can argue they represent an increase in efficiency.
- me_me_me 7y agoHire team of 4 to do project. Agree to do it in 1 year. Fire two, expect project to be delivered in 1 year as agreed. It's a joke but I have seen things too close to it in reality.
- joezydeco 7y agoI just got laid off because management overspent on engineering in FY19 and the sales numbers missed the forecast by a country mile. They're tightening the belts so my entire team got jettisoned. And we were a pretty efficient team.
- weare138 7y agoWow, people during the Great Depression must have been really efficient. If only we were that efficient now....
- pensatoio 7y agoFunny, I didn’t realize we saw an incredible number of jobs created during the Great Depression.