I think it's a mix. Companies reacting to markets and targets are cutting costs. Other companies are using the economy as air cover enact employee hostile polic

I think it's a mix. Companies reacting to markets and targets are cutting costs. Other companies are using the economy as air cover enact employee hostile policies and changes. For example, when things start recovering, I'm curious how quickly companies will rush to increase comp back to recent levels, bring back cut benefits (or reduce their costs that have increasingly been passed on to the employee), change WFH policies, etc. My gut says they will only do it when labor has leverage again, which means these companies will try to put their thumb on the scale as hard as they can to make up lost ground and then some.