I'm hearing reports about layoffs at Oracle OCI, Cisco, SAP, Tesla, Facebook, Lyft, Verizon Media and other tech companies. This is despite the huge tax breaks and tax windfalls that tech companies received last year. Does this mean that recession has already begun?
Lol
Layoffs have happened in lots of companies across the spectrum. Does it indicate a larger picture?
It keeps hearing this for the past 3 years
1/10 troll
Are they laying off in large numbers? Have not seen any report in media
Nah
Since 2009
SAP and Oracle are not tech
Not really. Some of the companies listed are actually growing like crazy
No. It means the companies are reallocating resources from lower profit areas to higher profit areas. Companies do this regardless of market cycle.
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It appears so, or maybe companies are being conservative for the crash.