There's a handful of big tech companies that are laying off ~10k each, a few more laying off in the low thousands or hundreds. All told, they might hit the 100k

There's a handful of big tech companies that are laying off ~10k each, a few more laying off in the low thousands or hundreds. All told, they might hit the 100k range. If you're in tech, you know there's a huge number of unfilled positions, so likely most of these 100k will find a new job, and won't count towards unemployment. Let's be very cautious and estimate 50k of them will remain unemployed; that's still only 10% of the number of jobs the expected recession next year will cost: > Bank of America is projecting that the US economy will lose over 500,000 jobs in 2023. https://www.businessinsider.com/how-many-jobs-lost-next-year-layoffs-recession-outlook-bofa-2022-10 https://www.businessinsider.com/how-many-jobs-lost-next-year...