|Employees need to understand that this is not the end. It is not even the beginning of the the end. This is the end of the beginning.|
“How are we supposed to ever feel safe again?” the employee wondered. His comments were reported by Insider.
People are seeking safety in an unsafe world.
'Speculation about a potential recession has plagued much of 2022, and is now seen as all but inevitable in 2023." Time Magazine
"Big Tech layoffs are not as big as they appear at first glance" While 12,000 is a lot of workers losing their jobs, it is still less than the net number of hires Alphabet made in just the third quarter of last year, which totaled 12,765." Dow Jones.
"Importantly, these figures don’t include the downstream layoffs, such as advertising agencies laying off staff as ad spend reduces, or manufacturers downsizing as tech product orders shrink – or even potential layoffs yet to come." The Conversation
The yeallow line shows how much lower it must go to reach pre-Covid levels.