tldr;
You’re fired, we’re doing great thanks to cutting your cost, but stay strong in your job search during this recession like those who have been persecuted for the color of their skin!
You’re fired, we’re doing great thanks to cutting your cost, but stay strong in your job search during this recession like those who have been persecuted for the color of their skin!
"‘the ultimate measure of a [leader] is not where [they] stand in the moments of comfort and convenience, but where [they] stand in times of challenge and controversy,’”
(It's exceedingly clear that MLK is talking about racial equality, and quoting him in an tone-deaf layoff email is execrable.)
As a general rule, people shouldn’t use quotes when they don’t understand the context. It’s distasteful at best to use a quote like that for something so routine and trivial.
HN needs to stop repeating this nonsense to one another. We are not in a recession. The latest GDP figures came out yesterday, and growth beat expectations by 12%. Service industries are hiring. The tech sector can no longer make billions by using AI to draw cat faces on selfie pics, but that has little bearing on the rest of the economy.
People on this site have willfully changed the definition of recession to "layoffs are happening in my industry". That's not what it means, at all.
“It’s a recession when your neighbor loses his job. It’s a depression when you lose your own.”
― Harry S. Truman
Not inflation... the whole point of this is to make inflation go down.
If raising interest rates would cause inflation, why did they start after inflation spiked? Why did inflation go back down after they raised rates? Why are they saying everything they're saying?
If inflation slows down the economy, and they want to slow the economy and openly admit that, why are they claiming to fight inflation?
Am I completely misunderstanding your argument? I'm so confused.
In other words, their mechanism for regulating inflation is broken and it's just causing more price increases to occur. Wages have been so stagnant for so long and employees are so incredibly tired of wealth hoarding by the upper class that people are refusing to take jobs for comparative wages that they would have flocked to in 2008.
And I'm all for it. Because prices have outstripped wages for a very long time and we're supposed to just sit here and figure out how to borrow ourselves to death.
They've been trying to induce a slowdown because the unemployment rate is too low, and they don't want to raise salaries. Unionization is gaining traction across the country, and executives need to exert their bargaining power however they can. This has nothing to do with conspiracy, it's a part of the day-to-day business.
Look at the actual data. The economy is doing fine.