Twitter Lays Off Third of Talent Team

People who are in positions to know more than you or i about the future of the economy are setting up to survive a long economic winter. Even currently profitable companies like Facebook are cutting hiring, costs and setting up the defences for the coming storm.

I see a lot of talk along the lines of "we're at the bottom now" from lay people. Yet if you can read through the actions of businesses leaders who are in a better position it's pretty clear that this is going to be much longer term.