[jacknews]

And it's even worse being stuck out of a job.

It seems like such a crazy dynamic at the moment, there must be some sage economic/social/network theory that helps explain what's going on.

Perhaps it's just a case of 'social collusion' in finance; I'm sure it has a better name. Excuse my memory, but I recall with the dot-com bubble a particular financial analyst, I can't remember her name, called out the emperor's lack of clothes, and very shortly after the market crashed. This time, again forgive the memory lapse, a financier targeted Google and tech wages, even though I'm not sure wages can ever really be in a bubble, and seems, along with or just signalling, the fed's machinations, to have triggered this wave of layoffs, etc.

[chubs]

Wouldn’t the ‘sage theory’ simply be that: this is a recession. Perhaps it’s just been too long since the last one (17ish years?) for people to recall recessions. Last time I got stuck in a very boring job too, for 4 painful years. Probably a good time to study, they say.

[giantg2]

I'd rather be in a boring job than a stressful job.

I'm on a team that's talking about PIPing me and I have no opportunities to move to internal teams because there are so few open positions at my level. External job posting seem terrible right now in my area.

[jacknews]

except the indicators do not show a recession.

[inerg]

I think it could be argued we're in a recession with the smells being buried.

As a whole the S&P is at pretty mediocre growth if you take out Nvidia and the 2 or 3 other tech outliers that are propping up the index.

https://fortune.com/2024/06/21/nvidia-microsoft-apple-meta-g...