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What's causing all these layoffs? Like, it's all I read in my feeds these days! Economic downturn or something more novel, like AI replacing jobs?
by favourable 3y ago
What's causing all these layoffs? Like, it's all I read in my feeds these days! Economic downturn or something more novel, like AI replacing jobs?
- toomuchtodo 3y agoDesperation for trailing returns that have evaporated post "COVID bump" and ZIRP. Labor market is firing on all cylinders [1], it is the capital markets that are sad [2]. [1] https://www.axios.com/2024/01/30/us-job-openings-report-steady-december https://www.axios.com/2024/01/30/us-job-openings-report-stea... [2] https://www.bloomberg.com/news/articles/2023-10-14/end-of-corporate-america-s-profit-recession-comes-with-concerns https://www.bloomberg.com/news/articles/2023-10-14/end-of-co... | https://archive.today/0V56d https://archive.today/0V56d