Something tells me these layoffs across the country are meant to force a recession. We thought the economy would cool after COVID and interest rate hikes but that hasn’t worked so let’s just can everyone.
It’s no secret that companies want interest rates down to grow and refinance commercial real estate loans. The fed has made it clear interest rates won’t drop until they get blood. This is one of the few things that explains layoffs literally across the board at nearly every company
Evil corporations collude with the evil government.
Any time corporations do something bad, the evil CEOs bribe the government officials so that they can get off easily.
Any time corporations do something bad it’s actually the evil government FORCING them to
🙄
H1B registrations
2023 483,927
2024 780,884
https://www.forbes.com/sites/stuartanderson/2023/05/01/immigration-service-likely-to-change-h-1b-visa-lottery/?sh=55b5484f2868
It’s ironic that in a post about layoffs you insist the Fed rates are failing to cool the economy. Did it occur to you that the rate increases are what is incentivizing companies to layoff, and that is in fact the mechanism by which they cool the economy and therefore inflation? Thats literally the idea behind them. It’s not some hidden conspiracy, it’s the known economic principle that informs a policy decision that has been openly implemented.
R-tarded post for 100 reasons
Manufactured recession to regain power over employees.
Hey H1-B answer guy. The number of H1-B visas issued in the US has been around the same number for 15 years. You cant just ask and get more. In 2023 they were not all filled even since many are for very specific skill sets. Its not a coincidence that when the feds started putting a cap on H1-B visas the outsourcing jobs to other countries took off.
As always, it's all about the FRB. Thanks to many years of money printing, supported by both parties, inflation came home to roost. One of the FRBs mandates is to keep inflation low. Their efforts to tamp inflation down are always a possible cause for a recession. It either happens, or we come very close, in all such inflation fights. That's what's happening right now. It's not the only thing happening, but the FRB always has the heaviest finger on the scale.
What you don't understand is that Wells over hired. Instead of fixing the current HC or improving tech, they just hired more people and never got rid of the bad employees. And now we're paying the piper.
Recession might be a side effect. The reason I’ve been given is getting control back to the employers.
Employers lose control in an employee’s market.
And everyone turns around to hire more H-1b with October start date, or to outsource it.
No, it’s because the market was artificially inflated with Trump’s short sighted gibmedats, and without the cheap credit companies are making cuts to juke the stats for their shareholders.
TLDR- typical race to the bottom due to modern capitalism’s infinite growth delusion
If your explanation for everything involves some convoluted conspiracy you need to take a step back and ask yourself if you’re really as able to parse reality as you think you are.
Did our health plans stop covering psych meds or something?