More industries will begin to get hit by layoffs as the fallout from the drastic rate hikes settles.
Tech is efficient and more predictive of rate hikes, so layoffs happen quickly.
Other industries haven’t even priced in the rate hikes.
Stripe 🤫 only 😢Sep 7, 2023
Did you even read the article? This is insurance companies exiting from states that are no longer profitable for them - namely California and Florida because of wildfires and hurricanes. So presumably all of the agents in those states get the 🪓.
More industries will begin to get hit by layoffs as the fallout from the drastic rate hikes settles. Tech is efficient and more predictive of rate hikes, so layoffs happen quickly. Other industries haven’t even priced in the rate hikes.
Did you even read the article? This is insurance companies exiting from states that are no longer profitable for them - namely California and Florida because of wildfires and hurricanes. So presumably all of the agents in those states get the 🪓.
Oh wow. How is that legal?