Inflation is dropping (gas, consumer goods etc.) consumer spending is still strong, jobs are still being created…. Just hard for me to believe the economy is going into a depression as many say. As long as there is no war, idk, I don’t see it. These layoffs are just excuses for companies to trim due to over hiring during Covid. Look at ford, literally, their reason is to compete with competitors….. how is laying off 3k jobs going to do that? Someone help me understand this. #Layoffs #google #meta #ford #Amazon #Netflix #layoff
Whatever makes you sleep at night! Yield curve had inverted.. generally recession follows in months to come
Consumer spending can be strong when essentials just cost more. Month over month inflation dropping doesn’t mean inflation is suddenly over. If you got a salary raise recently and still feel pinched at the pump, the grocery store, cost of a house, rent, other costs etc then you’re feeling the squeeze of inflation at work.
Inflation is dropping? Are you saying...Biden is succeeding? How dare you!
Always the other parties fault!!!
Nah always the dems fault. You should only watch fox news and Newsmax. Anything else is pure propaganda. Soros is brainwashing you morons.
Doesn’t happen overnight
I just got a notice that my house rent has been raised. 🤨 the inflation is not gonna drop just like that.
Two consecutive quarters of negative GDP! It’s always been the definition of a recession and now that it’s here and midterms are about to happen, the democrats are telling us “ummm no sweetie actually it’s…..”. They are total psychopaths. https://youtu.be/swQYwGXwJhQ
Not saying we’re not in a recession but the two quarters of negative GDP growth have been only -1.6% in Q1 2022 and -0.9% in Q2 2022. In comparison, GDP growth was -5.1% in Q1 2020 and -31.2% in Q2 2022.
Not every recession follows the same pattern.
That’s above your pay grade to see recession, just enjoy , and save your own job
I think it will be a cool down for a few years, but won’t be as badly as 2008 or 2020. Companies that relies heavily on VC money will have a super hard time though
I agree 100% I think smaller start ups will suffer, but imo, google, meta etc will be back hiring v soon
You are right about VC money, Meta. I work in software M&A and there is a lot of cash sitting on the sidelines now. Startups that are not gaining customers and revenue are going to have a hard time raising their next rounds.
We are in a recession. Layoffs usually lag the start of a downturn by 12-18 months so the firings have just begun.
Doesn’t happen overnight. It’s takes a couple of years for you to see the effects.
We’ve had people calling a recession for over a year now.
I don’t think so. The first effects are the fed rate hikes & stock drops just a few months ago followed by layoffs.