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this post was submitted on 13 Jan 2024
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Yikes. This kind of thing is happening all over the industry as it pulls back from COVID over-hiring. https://layoffs.fyi
I hear that phrase a lot like it means something. What is "COVID over hiring"? What does that even really mean?
Monetary policies and cheap loans from the government that stimulated the economy to counter the effects of the recurrent lockdowns. The opposite of what's happening now (high interest rates to counter inflation).