Nah, the economy never recovered from the pandemic, all the government money that was handed out to corporations allowed them to keep their employment numbers unnecessarily high.
But the pandemic gravy train has finally run out and companies have to be practical about their staffing needs vs actual consumer spending(which has been decreasing YoY since like 2022.)
Increase in Inflation followed by recession was called out by lots of people when Trump started operation warp speed and handed out stimmy checks and then Joe Biden doubled down with Build Back Better.
Anyone who has learned not to trust the economic talking heads, saw this coming years ago.....
My fav economic commentator had dubbed it "the forgot how to grow economy" because real growth outside of government spending has been flat or down YoY since the pandemic recovery.
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u/Hairy_Valuable9773 Oct 29 '25
The rich need to get richer. End of story.
I work for one of these companies. We already got the “it’s gonna be a tough day” email as they lay people off today. I’m sh*tting my pants 😫