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Yeah; its really important to keep in mind that in the majority of these layoffs, these companies are still employing at or above the number of people they were
by 015a 4y ago
Yeah; its really important to keep in mind that in the majority of these layoffs, these companies are still employing at or above the number of people they were in Dec 2019. This isn't a business model correction; this is a "free covid money" correction. Everything that is happening was predicted by economists the moment the government started writing billions in checks during 2020; the fact that its only 10% in most cases, and hasn't substantively spread beyond Tech and Finance, is actually extremely good news, not something to feel dread about.