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A very productive day on the procrastination side.
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I never know what to make of something like that. Massive companies are often reconfiguring their workforce, so layoffs may not be about cost cutting so much as a change in long-term strategy. But it is still a bad sign for the economy to have so many people looking for work, especially with the job market cratering.
I agree with Research Assistant 1. I highly doubt that they are hurting for money. But I definitely wouldn't take it as good sign if they are doing layoffs.