Anyone else feel like this is the most drawn out recession? You have Jamie Dimon calling for the key to fall you have others saying it will just cull some of the over hiring and others saying in between or nothing will happen. I still feel like there is a conspiracy to reduce WFH and bring down wages by upper management.

likeupliftingsmart
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FYI - many people who open their mouths to offer "insight" have a vested interest in things happening the way they say it will happen.

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And no accountability to them if they are totally wrong

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It's certainly possible. That said, I don't think the folks on tech who have already been laid off think it's a conspiracy.

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Jame Dimon should just keep his mouth shut at this point.

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Well I just got laid off, so…

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Condolences. Sorry to hear that.

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I know some consulting firms have had layoffs

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A good amount may be driven less by financials and more by the ability to use as an opp to clean house with limited brand damage given everyone’s doing it me tlaity

Totally agree, except it's not a conspiracy.
They have literally said this in many media interviews.

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It’s the second one we’ve had in most of our lifetimes with the most datapoints we’ve ever had…..we are able to forecast much better……in theory. Lol

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Tight job markets, over a long enough period of time, might finally grow the labor share of the economy - and we can’t have that, can we?

uplifting

There’s been a recession roughly every ten years. If you want the definition of drawn out, 2008 -2010 was the most drawn out since the 1920’s. This recession is a correction for recent over-hire and remnants of supply chain shocks. Daimon has always been a financial hawk - that’s basically his job.

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