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Layoffs have been happening for my entire 20 years in consulting
Federal FY is ending along with many organizations who base their tax year around it. This comes at the timing of the (highly potential) gov shutdown and recession that more than 1/3 of the country is already experiencing. Credit debt default and student loan default are at their highest ever. Hiring is at an ALL TIME low.
I’d say the outlook is either very bleak or maybe we bottomed out.