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I agree that interest rates have essentially driven most of the layoffs recently. Debt that used to cost 10c on the dollar to service has started to cost 2 doll

I agree that interest rates have essentially driven most of the layoffs recently. Debt that used to cost 10c on the dollar to service has started to cost 2 dollars. If your expenses don't give, then your profits will. And potentially your liquidity. But it's kool-aid drinking to assume a company that is over aggressive at hiring in a bull market and fires in a bear market will create more wealth. Wealth for whom is the better question to ask — certainly not the thousands of laid off employees.

deleted 3y ago
[deleted]
indecisive_user 3y ago
>Wealth for whom is the better question to ask — certainly not the thousands of laid off employees I think that depends on the pay structure. If a large part of your compensation is in stock then you'll still benefit from the additional wealth creation. Assuming a decent severance package it's certainly possible you come out ahead compared to the more conservative company, even being laid off.
- inetknght 3y ago
  > If a large part of your compensation is in stock then you'll still benefit from the additional wealth creation. Oh yes, the beautiful golden handcuffs will give those laid off workers wealth. Except... the handcuffs come off and are kept by the employer. Otherwise they wouldn't have been handcuffs