[waihtis]

Europe-based companies probably did a lot less junk hires and that's why things appear to be more stable here.

[that_guy_iain]

I think also, they're a lot smaller and getting rid of less people so it doesn't seem as big.

One thing is many basically tried to encourage people to leave put them on performance plans, etc and do everything they could to avoid layoffs. So companies have been downsizing but not annoying any layoffs because they just worked people out instead.

I also, suspect there may be quite some way to go before it's all said and done.

[Tepix]

Indeed the DAX (german stock index) is at an all-time high.