It sounds like you're describing a recession to me. People tend to confuse "recession" with some sort of "economic armageddon". But double digit % layoffs at s

It sounds like you're describing a recession to me. People tend to confuse "recession" with some sort of "economic armageddon". But double digit % layoffs at some companies and pulling back hiring by 66% (by your estimates) at others is a pretty huge pullback, no?