No recession yet?
There was LESS hiring last month….
The jobless rate went UP….
And the media is quietly rep[orting more mass layoff’s each day…..
The move would add to a string of layoffs and hiring slowdowns within the tech sector, most notably Twitter, which slashed roughly half its head count last week after Tesla billionaire Elon Musk acquired the platform in October.
Meanwhile, ride-hailing service Lyft announced plans to cut 13 percent of its staff. The online payment company Stripe will cut 14 percent of its workforce. Chime, a private fin tech firm, will cut 12 percent. Real estate marketplace Zillow and crowdfunding platform GoFundMe both announced layoffs in October of 5 percent and 12 percent, respectively.
Apple and Amazon, whose founder Jeff Bezos owns The Washington Post, have each reportedly ordered hiring freezes….