At least future looks bright (just kidding)

The pace of job cuts by U.S. employers accelerated in 2023, with the number of layoffs surging 98% compared with the previous year.
That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 721,677 job cuts last year, a substantial increase from the 363,832 layoffs reported in 2022.
The problem could get worse in 2024 as the labor market continues to soften in the face of high interest rates and stubborn inflation.

https://www.foxbusiness.com/economy/layoffs-surged-98-in-2023-it-could-get-worse-this-year

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4 replies (most recent on top)

I'm doing alright
Gettin' good grades
The future's so bright
I gotta wear shades

161.18M people are employed in the US so the layoff rate with your layoff count is under 0.45%
The number of job openings are far higher than most of the past 25 years
30 year home mortgage rates are below historic averages when you ignore 15 years of artificially low Fed rates
Inflation has gone from 6.4% to 3.4% over just 2023

So far you're batting zero and clearly have no idea what the larger independent variables you need to be worrying about are. Just as the moon reflects the light of the sun rather than producing its own, catastrophic changes in the numbers above are going to be side effects of other root causes.

Future looks bright for unqualified Indians. When you have nothing, every little thing is bright for you.

Don't worry, the inflation is just transitory.

Thread regarding Cisco Systems Inc. layoffs

At least future looks bright (just kidding)

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