GDP is doing just fine, its just that there is a class warfare where wages are being suppressed significantly by corporations with State help and so most people are getting poorer as the wealthiest get richer faster than ever before.

Profitability is up, but that’s partially because of the layoffs not despite them.

In every way that matters to corps, yes.

For the rest of us who are getting laid off, not so much.

What do you mean over hiring during Covid cause I remember them laying people off at least in my country

Overhired and they were way to ambitious with their projections, so for the C Levels to unlock their full bonus they need to harvest skulls to meet their targets.

While you’re not wrong, no company is calling it out like this. If I were to make a catastrophic hiring mistake, I’d probably be fired. The CEO’s that looked at the pandemic, saw their profit rising, and decided “it’s because we’re so awesome, let’s hire everyone” should bear the blame.

To take Amazon as an example, if you were to take how much they paid for MGM and on Rings of Power, Amazon could have paid salaries to everyone they let go for a full year. It’s a dereliction of duty at leadership level, and the high stock price is the only reason they aren’t out on the street.

I won’t! And don’t forget to vote with your dollars and buy local whenever possible. Local owners spend money in local towns.