They know what we all already had been knowing, nothing new. But were slow to react. Everyone had been believing that there will be a huge surge in economic ac

They know what we all already had been knowing, nothing new. But were slow to react. Everyone had been believing that there will be a huge surge in economic activity post-covid, aka starting from 2022. Therefore over hired in the pandemic to catch the market. We know that didn't happen. Rather Ukraine war has dampened it further. Now they are hurrying to correct it. They were dragging feet initially, but Musk's successful Twitter layoff triggered another avalanche.