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You're right, I just think there have been more layoffs than can be explained by a couple percent increase alone. HBR also agrees with this view.
by flashback2199 3y ago
You're right, I just think there have been more layoffs than can be explained by a couple percent increase alone. HBR also agrees with this view.
- hn_throwaway_99 3y ago> I just think there have been more layoffs than can be explained by a couple percent increase alone. Sure, of course. There was also massive over-hiring during the pandemic in anticipation of some sort of "new normal" that didn't pan out. My comment was more in response to the idea of "why should interest rates affect company hiring for companies that have a ton of cash on hand and are profitable?"