“But we added 500,000 jobs in January! This can’t be!(S)”
Happens all the time. 6,000 layoffs is nothing in an industry that is more directly impacted by interest rate increases than almost any other industry.
They will be refilling those positions as soon as rates come back down next year. 12 million americans work in tech positions. 0.0005% of them just got laid off.
Are you including Google, Twitter, Apple, Facebook into that %?
50k here and 60k there, and all of a sudden you’ve got numbers that mean something.
True, but was talking with some colleagues this am and back of napkin math says the people spend about 2.5-4 the consumer dollars as the average person = some construction will be called off, some cars won’t sell, etc and it will
Impact more than just those 6500 ppl