CEO class is spooked by either haemorrhaging money during Covid or haemorrhaging after (depending on what kind of company is was). Then economy was “definitely

CEO class is spooked by either haemorrhaging money during Covid or haemorrhaging after (depending on what kind of company is was). Then economy was “definitely a recession coming” for like 12 months. I think people are waiting for a rate cut to unclench their sphincter and start hiring again. That, and likely it all got a bit over the top anyway. When you have Meta product managers with TikTok videos about how cushy their job is, you know there was a bubble.