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Recent Tech Layoffs Don't Spell Economic Doom
- bdcravens 4y agoI don't necessarily disagree with the author's premise, but doing this kind of mathematical acrobatics makes it hard to consider their logic: "Consider that Kroger has about 465,000 employees across 2,720 supermarkets, or about 170 workers per supermarket. Some of those employees are at corporate headquarters, but a Kroger closing is approximately the same number of jobs lost as Vox Media laying off 7% of its workforce."
- anonreeeeplor 4y agoI agree with this direction. The federal reserve caused panic over-hiring across the technology industry of extremely expensive people. Many of these companies over hired by 40%. I believe the federal reserve is deliberately treating this over hiring as a structural defect in the economy and systematically unwinding it.