https://finance.yahoo.com/news/why-tech-layoffs-arent-yet-a-sign-of-a-labor-market-slowdown-133651976.html
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What do you mean “magic”? Companies the grew too fast and over hired during the pandemic are paying the piper. If the world looks bleak, it’s because you work at a failing company.
Intel’s darling, Apple, isn’t laying off thousands. It probably is comforting for you to pretend that Intel’s issues are someone else’s problem. It is hard to have honest self-reflection.