Since this time, there have been more and more signs that a watershed in interest rate hikes is about to begin to appear.Under such circumstances, large-scale layoffs in enterprises have become inevitable。
Musk was there again last weekend $Twitter (Delisted) (TWTR.US)$A second wave of layoffs has begun, and 80% of Twitter contract workers have been fired.
This is not a “trio of fire” after a new official takes office. The trend of accelerated layoffs and rising unemployment in the US is already clearly on the rise.
How widespread is it?except $Apple (AAPL.US)$、 $Amazon (AMZN.US)$, and other tech giants are laying off employees, $Disney (DIS.US)$、 $GlobalFoundries (GFS.US)$The two industry giants have also implemented a recruitment freeze and are preparing to lay off employees.
Not only that,Wall Street has also begun wielding the sword of layoffs。
$Citigroup (C.US)$ $Goldman Sachs (GS.US)$Other major banks have joined the latest list of corporate layoffs.
In fact, the US unemployment rate began to rise above expectations in October. According to data from the US Department of Labor, the US unemployment rate rose to 3.7% in October, up 0.2% from the previous month, and the number of unemployed directly rose to 6.1 million.
The wave of layoffs has led to a rise in the unemployment rate, even including a peak in the economic cycle. This is all part of the Fed's plan.
I want to say,These signals may benefit the company's stock price in the short term, but from a macro market perspective, the long term also means that the US economy will open up...