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by giantg2 1486 days ago
All these places cutting staff and tightening their belts is going to be a self fulfilling prophecy.
2 comments

There are a number of self-perpetuating economic phenomena.

Bubble mentality is one.

Bank-run logic.

Inflationary spirals.

Intelligent economic management injects countercyclical trends into the system to prevent positive feedback loops.

What, like 5 companies? There are a lot of companies out there on a lot better footing/less overvalued than the big names you’re reading about that are still going to need skilled workers.