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A healthy economy shouldn't go straight up, and neither should healthy companies. Adjusting the workforce is a normal course of business. The big media news ear
by matwood 3y ago
A healthy economy shouldn't go straight up, and neither should healthy companies. Adjusting the workforce is a normal course of business. The big media news early in the week started with Google having a lay off which eventually turned out to be ~1k people. It sucks for those people, but is < 1% of the workforce. It's not even something that should have made big news, but everyone is looking for anything to fit a recession narrative right now.
- password54321 3y agoYou are really cherry picking to bring your point across. Google was not the only layoffs this week and last year we saw a dramatic increase in number of layoffs in tech from prior years. It is still hard to predict how this trend will continue but healthy is not the word I would describe things at the moment.
- matwood 3y agoWhat was probably unhealthy was the insane amount of hiring that happened. Even with last year's cuts we're probably still above 'normal' company headcount growth trends.