[Ataraxic]

Layoffs in tech. Not hearing much about other parts of the economy. Totally possible I haven't seen the reporting but I'd argue that tech/growth industries suffering layoffs don't really indicate a recession by itself even if they are large.

[vkou]

You're not missing anything. The Fed is on record that the economy is doing great, unemployment in the economy as a whole is non-existent, so it's going to continue raising interest rates. When your CEO tells you that we're in a tough economic climate, what she's actually saying is that we're in a tough monetary policy climate. The economy is (currently) fine.

Expect the pain in tech to get worse, much worse, before it gets better.

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PS. Facebook is on round 2 of layoffs.

[disgruntledphd2]

> PS. Facebook is on round 2 of layoffs.

Not quite yet, but certainly by mid-April.