You're the CEO of a Fortune 500 company, bleeding Billions of dollars from Trump's Tariffs, but you've seen Trump publicly attack every company who talks about raising prices in response to tariffs. What do you do to maintain margins?
Also make sure you blame AI so it’s not your fault.
Work as a deputy CISO and just watched our CEO get fired after he announced massive AI implementations and oh boy the response from our customers was spicy. Notable long time customers left the keynote and were calling in to say they weren’t going to be renewing their contract before it even ended.
Yup, no one has made the connection between tariffs and AI when it's so obvious. It's a perfect cover to fire people while not explicitly raising prices to offset the tariffs. So instead of stagflation, we'll get a recession. Yay!
On the one hand, there are one-off significant events that will rise the layoffs tally, such as Amazon for instance.
But the fact that both layoffs AND hires are on historic highs in this mega economic cycle does not bode well. I mean, January 2009 is not the mark you want to be compared with.
However I'm surprised that these figures were not obliterated by the COVID apocalypse of march-to-june 2020, when unemployement skyrocketed above 15% if I remember well
Oh i did miss the « apples to apples » comparison, makes sense.
But there must have been other cold snaps happening in januaries since 2009 so the main rationale drawn does not really compensates for the actual reality of a sluggish job market.
How are hires on historic highs? I could see that layoffs are at a record high in the past 5 years, but job openings have been falling since 2022. We are currently below 2019 levels if you look at JOLTS.
I don't exactly expect this number to meaningfully improve as the months go on. We're just lucky that no significant bubble has popped or an economic black swan has reared its head, otherwise things would be even worse.
ThisGuyPlaysEGS | 9 hours ago
You're the CEO of a Fortune 500 company, bleeding Billions of dollars from Trump's Tariffs, but you've seen Trump publicly attack every company who talks about raising prices in response to tariffs. What do you do to maintain margins?
You Fire people.
WeirdSysAdmin | 8 hours ago
Also make sure you blame AI so it’s not your fault.
Work as a deputy CISO and just watched our CEO get fired after he announced massive AI implementations and oh boy the response from our customers was spicy. Notable long time customers left the keynote and were calling in to say they weren’t going to be renewing their contract before it even ended.
PotatoRover | 6 hours ago
Or 'covid overhiring' despite being half a decade or so past the covid era.
Alone_Step_6304 | 8 hours ago
You love to see it
artbystorms | 4 hours ago
Yup, no one has made the connection between tariffs and AI when it's so obvious. It's a perfect cover to fire people while not explicitly raising prices to offset the tariffs. So instead of stagflation, we'll get a recession. Yay!
JamesLahey08 | 8 hours ago
Sur3
Blackout38 | 9 hours ago
You’d also hire more seasonal staff.
o08 | 8 hours ago
And give yourself a large bonus.
Herban_Myth | 6 hours ago
Are things heating up despite the cold weather?
Is this how you Make America Great Again?
future_web_dev | 2 hours ago
They are all making record-breaking profits lmao
th3_st0rm | 8 hours ago
Andy Jassy (Amazon CEO) is this you? ^^^
DramaticSimple4315 | 8 hours ago
On the one hand, there are one-off significant events that will rise the layoffs tally, such as Amazon for instance.
But the fact that both layoffs AND hires are on historic highs in this mega economic cycle does not bode well. I mean, January 2009 is not the mark you want to be compared with.
However I'm surprised that these figures were not obliterated by the COVID apocalypse of march-to-june 2020, when unemployement skyrocketed above 15% if I remember well
MeasurementLow5073 | 7 hours ago
It's just comparing "Januaries" so you're probably right that they're lower than that period during COVID.
DramaticSimple4315 | 6 hours ago
Oh i did miss the « apples to apples » comparison, makes sense.
But there must have been other cold snaps happening in januaries since 2009 so the main rationale drawn does not really compensates for the actual reality of a sluggish job market.
BobcatNo6451 | 5 hours ago
How are hires on historic highs? I could see that layoffs are at a record high in the past 5 years, but job openings have been falling since 2022. We are currently below 2019 levels if you look at JOLTS.
notsure0298 | 4 hours ago
I think it was a typo. Probably meant lows
jayfeather31 | 7 hours ago
I don't exactly expect this number to meaningfully improve as the months go on. We're just lucky that no significant bubble has popped or an economic black swan has reared its head, otherwise things would be even worse.
That being said, it could be on its way.
bk7f2 | 5 hours ago
> We're just lucky that no significant bubble has popped or an economic black swan has reared its head, ...
Frankly, I see a flock of black swans on the horizon.
AliveJohnnyFive | 6 hours ago
This administration is the black swan event.
mooch9 | an hour ago
No shit/oh shit
htopconspiracytheory | 4 hours ago
The data being used is suspect as a small portion of the overall layoff counts: https://bsky.app/profile/besttrousers.bsky.social/post/3me4lemsy3s2t