Over hiring aka poor planning in the last few years. Riding interest rates causing investors to demand more stock returns or they will seek returns in treasuri

Over hiring aka poor planning in the last few years. Riding interest rates causing investors to demand more stock returns or they will seek returns in treasuries. In free money era, companies created too many processes and incentive structures that are wasteful. These processes are too expensive when money is expensive. E.g. too many managers whose time is filled with calibration, stack ranking, agile processes instead of true engineering and product leadership. Ultimately, growth cannot be endless and current crop of companies are not set up for difficult times.