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Depending on how you view things, layoffs are only starting. Companies are taking a wait and see approach before taking everything off the table. Some are predi
by 1-6 4y ago
Depending on how you view things, layoffs are only starting. Companies are taking a wait and see approach before taking everything off the table. Some are predicting 2023Q1 to be when it peaks.
- type-r 4y agoSource?
- tickerticker 4y agoNot OP, but weigh these. Recession case: inflation depresses other spending, new home starts are decreasing, strong dollar, Chinese economy wobbly, EU economy weak, continued supply chain disruptions, PMI weaker, ad spending curtailed. Soft landing case: Goldilocks scenario for USA employment; inflation has decreased; chip shortage over; few layoffs outside tech; airline, hospitality, defense, healthcare, energy sectors booming; China economy may strengthen with softened zero-covid policy.
- tootie 4y agoProTip: Absolutely nobody knows. There are indicators this way and that. The predominant point of view I see in the sensible press it that a global recession centered around China is likely for 2023, but the US will likely be more insulated than most. Things could much worse, but it's now considered unlikely with a soft landing looking pretty plausible. But really the data are increasingly hard to predict and looking ahead more than a month or two at a time is mostly guesswork.