Companies have already started hiring freezes and layoffs

[F1980]

The recession is coming pretty quick. A shitload of big corporations all around the country have already started hiring freezes and massive layoffs. More companies are soon to follow. Just saw this on the local news.

 

[Five Fingered Fresh Fist]

Ok.

 

[Five Fingered Fresh Fist]

But they told me nobody wants to work. So why hiring freezes or layoffs?

 

[lsa]

Ok, thanks for telling us.

 

[Slobodan]

Ok, thanks for telling us.

No problem

 

[Five Fingered Fresh Fist]

No problem

Ban.

 

[TeTe]

But theres a great resignation tho

 

[TeTe]

This is worth a read https://www.cnbc.com/2022/05/11/tech-layoffs-hiring-slowdown-stand-out-in-red-hot-job-market.html

 

[Kyler Ruxin]

I would assume this is in work from home type tech jobs that have plenty of people, and not in service industry jobs that can't find enough help.

 

[Mike]

Not where I live. Also take your partisan political shit to the wr you hacks.

 

[TeTe]

I would assume this is in work from home type tech jobs that have plenty of people, and not in service industry jobs that can't find enough help.

Yeah it seems like the layoffs are mostly in the tech sector; companies that expanded during COVID and are now contracting.

Fortunately I work for a Fintech company that makes more money every time the Fed raises rates.

 

[Mike]

Yeah it seems like the layoffs are mostly in the tech sector; companies that expanded during COVID and are now contracting.

Fortunately I work for a Fintech company that makes more money every time the Fed raises rates.

Here in Nevada companies can't hire people fast enough. Inflation has driven everything up of course, but wages are also way up from when I moved here in 2018.

There's so much competition for labor you just can't low-ball people. They won't show up.

 

[Kyler Ruxin]

Yeah it seems like the layoffs are mostly in the tech sector; companies that expanded during COVID and are now contracting.

Fortunately I work for a Fintech company that makes more money every time the Fed raises rates.

hopefully with tech companies not hiring a bunch of people that can work from home, it makes buying a house in the suburbs more affordable again.

 

[ralphc1]

But they told me nobody wants to work. So why hiring freezes or layoffs?

The manufacturers are creating shortages so they can charge more for their products.

 

[fingercuffs]

The recession is coming pretty quick. A shitload of big corporations all around the country have already started hiring freezes and massive layoffs. More companies are soon to follow. Just saw this on the local news.

Provide me with evidence. Employment has been at its greatest since the 80s.

 

[TankAbbott4Eva]

Yeah it seems like the layoffs are mostly in the tech sector; companies that expanded during COVID and are now contracting.

Fortunately I work for a Fintech company that makes more money every time the Fed raises rates.

Yeah I joined a new company a year ago, they have been growing steadlly in the last few years but it's been more organic. We're in tech I guess ultimately (data centres) but I can't see demand slowing down for quite some time.

 

[genecop]

Biden has shit in hand…

 

[Diaz135]

Yeah it seems like the layoffs are mostly in the tech sector; companies that expanded during COVID and are now contracting.

Fortunately I work for a Fintech company that makes more money every time the Fed raises rates.

i wonder if any of them found multiple revenue streams while working from home

 

[TeTe]

i wonder if any of them found multiple revenue streams while working from home

Maybe, I'm sure people in finance... Like accountants did.

 

[Diaz135]

Maybe, I'm sure people in finance... Like accountants did.