I think layoffs are a social contagion in a lot of cases, an excuse to overcorrect for overcorrections and all of that but... the cruelty is the point. eta: i

I think layoffs are a social contagion in a lot of cases, an excuse to overcorrect for overcorrections and all of that but... the cruelty is the point. eta: if the economy at large is adding 500,000 jobs as reported today this makes the laying off companies look either foolish or somehow specially in a downturn.