A "stock market boom" built on killing jobs is not a booming economy. That's why any politician who brags about or defends this morally indefensible "boom" is going to be in trouble politically.
I wouldn't call it morally indefensible for companies to make layoffs after the hiring irrational exuberance that occured in 2021. They're trimming fat.
I would use that label for a Private Equity firm leveraged buyout, followed by a complete gutting of employees, then a quick flip for profit.
I would use that label for a Private Equity firm leveraged buyout, followed by a complete gutting of employees, then a quick flip for profit.