Do you foresee mass layoffs in the new near future? Everyday I am hearing about possible recession in the next 6-18 months.

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Probably, but not gauranteed

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Seems like tech yes. Beyond that who knows

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Also I wouldn't say mass... targeted at cost centers. I imagine recruiters especially

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The goal of layoffs is to cut cost. Hence if there are layoffs, the people at highest risk are low performing but anyone paid a lot more than peers. Also SC, M and SMs are targeted the most.
If you are not in bottom 25%, you are generally safe unless the firm itself shuts down

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Ah, the daily predict the future to allay individual anxiety post.

We don’t know. We can’t know. It’s a dynamic situation with many unknowns that are co-evolving.

We’ll have to see what happens and respond. Given the period of unknowns is unfolding rapidly and it’s a midterm election year, most people will delay making big decisions while cultivating short and mid term bets with smaller outlay. Think in bets based on risk. The many bets balance the overall risk.

Let me provide a little context. How many people knew the 2008 recession was coming? Maybe execs at the big banks. Who was prepared to take the most advantage of the economic cycle, those with cash and those who hadn’t sunk large bets into longterm plays.

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I think only a handful were citing recession pre-2008. And many have learnt good lessons from that crisis which isn't that far in history that it's a distant memory. While the dynamics may not seem the same, there is plenty now that didn't happen at that time perhaps including overheated housing and stock market, crypto being a brand new factor, tech startups rearing head like in 2000s, inflation topping like it hasn't since the 80s, ongoing political chaos (although that is always a constant including in 2008).

Even the people that claimed they knew 2008 recession was coming were just lucky. I simply don’t believe anyone has clear knowledge. If you look back, people always say there is a recession. It’s simply a part of the cycle of the economy.

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do you have the insight? Because you are Insight 😅

If we think about how bad the consumer affordability is, and how bad the inflation and other macro trends are, it wouldn't be a surprise that a prolonged recession hits the US. Layoffs will likley accelerate, hiring will slow down. There is no easy way out of the situation that the Fed has put this country into. Sometimes being 'too smart' can be detrimental

Global tensions alone are not what will drive the economy to the ground

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Just heard EY is about to make more layoffs in audit too

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Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

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Hot take: if it’s actually a stealth layoff then everyone else got the same speech as you and outing the firm won’t identify you.

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Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

likeuplifting

What is a good interview answer for leaving a job after a few months when the real reason is that you’re sleeping with one eye open in hopes of not being on the chopping block after two rounds of massive layoffs? Company culture is at an all-time low, and it will only go down from here from what I’ve seen in the short months I’ve been there.

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