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I just don’t buy the argument of companies are doing it because other companies are doing it.

Overhiring issues + popped bubble valuations + tech recession = you’re doing layoffs because you’re greedy? Really? It doesn’t add up.

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It definitely makes them seem hiring and short-sighted in retrospect for overhiring during the bubble. Shouldn’t corporate leadership be as aware that the Fed injected an insane amount of money as the layman, that it was unsustainable? What happened to following Buffet’s dictum about being fearful when others are greedy?

To my mind its the only thing that adds up.

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