Quote:
Originally Posted by PeteMoss
Yes - the auto wait time is catch up to the back-up. They aren't restrained in production (or are minimal).
Tech companies in the stock market are all taking a beating and laying off a bazillion workers in the past month. The pent up demand for this stuff that built up during the pandemic is ending (as people are spending their money elsewhere or more likely running through the money they saved while everything was shutdown)
|
There may be a recession incoming, likely actually, but tech companies laying off people is again indicative of nothing.
There is a massive shift happening right now in the tech industry. Apple as an example has laid off nobody. Microsoft has laid of thousands while investing billions in AI (including into jobs).
Investigate reporting into those laid off workers has revealed most get jobs somewhere else pretty quickly.
So is it indicative of an incoming recession, or just tech companies reorganizing and cutting staff after living the high life the past few years while profits were massive?