When the big tech companies, who were all about telling us they understand business cycles and how to properly manage their talent (and know all sorts of things we don’t), are cutting 3-50% of their workforce, that is a kaboom, folks. Layoffs in this field should spur entrepreneurial growth, if these “talented" folks are truly motivated to change the world, but one won’t see that for many months, if not years. The size of this, at the beginning of the year, just shows how deep the recession is going to hit as the world spins into further chaos.
Financial sector, housing sector, and since the DAVOS demons just met, the energy sector, will retract (BRICS++ won’t as much, while NATO countries will) significantly in my opinion. Zero Hedge thinks otherwise - decoupling the tech based on wage stability and so-called low unemployment (forgetting that participation data). To quote Zero Hedge:
At face value, widespread layoffs in the tech sector might appear to be a bad omen for the wider economy—especially given the outsize influence tech companies have on the markets.
Thankfully, this does not appear to be the case. Payroll and wage data from the U.S. government have exceeded expectations, and the country’s unemployment rate is close to a half-century low.
So, why the disconnect?
First off, tech jobs only account for less than 3% of total employment in America. As well, tech workers who’ve lost their jobs have a high likelihood of securing a new job in short order.
From BLS.GOV one can assert that we are at the same level of available labor that was present in December 2019. This with the fact, even with a pandemic, the United States has more bodies in country (invasion at the southern border of millions) than it did now 3 years on from that fate-filled December. And the employment level (which also is manipulated by more part-time work versus full-time, thus giving the appearance of health), does not produce a robust economy. Given that the FEDERAL RESERVE injected trillions into this Psy-op driven pandemic to no positive impacts (inflation, shortages, small business destruction, lives under duress), except if you were already RICH, this is but sprinkles and cherries on this shite sundae of woke layoffs.
There is no escaping what is coming. Printing money, creating a lack of motivation, injecting woke (to go broke!) is coming back home to roost big time in the United States. Meanwhile, we have the Biden administration playing top secret document tic-tac-toe games across the East Coast (since he was a Senator!) and his Defense Department is crazy enough to think Russia won’t fight for Crimea.
Disasters are coming in other arenas as Europe is full woke tard and slitting their throats daily as the Redacted video below reflects.
Interesting comparing 2008 with today. We saw banks who were being listed as going belly-up at that time as they reformatted the financial system through TARP. Any time we see smaller getting swallowed up by bigger the average person ends up paying more and losing freedom. Look for a big tech TARP maneuver to complete the coalescence of power within that sector. Then watch out Taiwan. I’m no prophetic voice, just trying to understand patterns.