Just 3 months ago many people thought the markets could potentially bounce back (e.g. if the ukraine conflict didn't escalate and if inflation came down on its own - neither of which happened).
Not so long ago, CNBC was still talking about the probability of a recession a quoting probability percentages less than 50%.
I think the reality is that 2-4 months ago, very few people thought things would get as bad as they are right now.
In an environment of extremely high unpredictability, sometimes week-by-week decision making is the only way to operate. Re: your point on publicity, I think they will get less negative publicity now that they're announcing layoffs after many other companies have already done the same
Not so long ago, CNBC was still talking about the probability of a recession a quoting probability percentages less than 50%.
I think the reality is that 2-4 months ago, very few people thought things would get as bad as they are right now.
In an environment of extremely high unpredictability, sometimes week-by-week decision making is the only way to operate. Re: your point on publicity, I think they will get less negative publicity now that they're announcing layoffs after many other companies have already done the same