The wave of layoffs in the US has begun
$Nasdaq Composite Index(.IXIC.US$ Over this period of time, there have been more and more signs that a watershed in interest rate hikes is about to become apparent. Under such circumstances, large-scale layoffs by enterprises have become inevitable.
Last weekend, Musk began a second wave of layoffs on Twitter, firing 80% of Twitter contract workers.
This is not a “trio of fire” after a new official takes office. The trend of accelerated layoffs and rising unemployment in the US is already clearly on the rise.
How widespread is it? except $Apple(AAPL.US$ 、 $Amazon(AMZN.US$ Technology giants are laying off employees, etc., and two industry giants, Disney (DIS.US) and GlobalFoundries (GFS.US), have also implemented recruitment freezes and are preparing to lay off employees.
Not only that, but Wall Street is also beginning to wield a sharp knife of layoffs.
Major banks such as $Citigroup (C.US) $$Goldman Sachs (GS.US) $ have joined the latest corporate layoffs list.
In fact, the US unemployment rate began to rise above expectations in October. According to data from the US Department of Labor, the US unemployment rate rose to 3.7% in October, up 0.2% from the previous month, and the number of unemployed directly rose to 6.1 million.
Last weekend, Musk began a second wave of layoffs on Twitter, firing 80% of Twitter contract workers.
This is not a “trio of fire” after a new official takes office. The trend of accelerated layoffs and rising unemployment in the US is already clearly on the rise.
How widespread is it? except $Apple(AAPL.US$ 、 $Amazon(AMZN.US$ Technology giants are laying off employees, etc., and two industry giants, Disney (DIS.US) and GlobalFoundries (GFS.US), have also implemented recruitment freezes and are preparing to lay off employees.
Not only that, but Wall Street is also beginning to wield a sharp knife of layoffs.
Major banks such as $Citigroup (C.US) $$Goldman Sachs (GS.US) $ have joined the latest corporate layoffs list.
In fact, the US unemployment rate began to rise above expectations in October. According to data from the US Department of Labor, the US unemployment rate rose to 3.7% in October, up 0.2% from the previous month, and the number of unemployed directly rose to 6.1 million.
The wave of layoffs has led to a rise in the unemployment rate, even including a peak in the economic cycle. This is all part of the Fed's plan.
I would like to say that these signals may be beneficial to the company's stock price in the short term, but from a macro market perspective, the long term also means that the US economy has begun to fall into recession. What follows is a decline in demand, a slump in foreign trade, which directly affects the foreign exchange rate of many countries' exports, and slows down the global economic growth rate.
I can only say that there are no risks. Let's all prepare for the winter![]()
I would like to say that these signals may be beneficial to the company's stock price in the short term, but from a macro market perspective, the long term also means that the US economy has begun to fall into recession. What follows is a decline in demand, a slump in foreign trade, which directly affects the foreign exchange rate of many countries' exports, and slows down the global economic growth rate.
I can only say that there are no risks. Let's all prepare for the winter
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