Every month when the US jobs report comes out, they’re talking about an increase in jobs or a great jobs report. But when I read the news, I keep hearing about these companies cutting 5%, 8%, etc. of their workforce.
Most of them seem to be “white collar” jobs, and I understand why they’re doing it, but the reports feel disconnected from reality. I personally know people that have been laid off. I’m not trying to e political, I’m just trying to understand what I’m missing? Where is the disconnect?
In: Economics
I work for a large tech company. Anecdotally I know several people who left my company to go work for a FAANG employer. The headlines about layoffs don’t tell the whole story. Several of those companies are still hiring new people and they’re still paying well enough to steal talent from other high paying tech companies.
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