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Companies are still having mass layoffs. They overhired in covid, and AI is just their excuse for laying everyone off.
so where did all the over hired people come from before covid?
I wonder sometimes because the BIG companies announce layoffs...those people don't just sit there. They get other jobs most of the time.
Ive seen it locally where a big company removed close to 1000 people and a bunch of smaller places ate them up really quick. And then because they are smaller, they don't have to announce layoffs later on (in theory?).
So it looks like the area is going through some kinda downturn...whereas whats actually happening is headcount is exploding all over with smaller places.
I wish I studied economics. This looks fascinating. Maybe someone else can be-bunk what im saying.