When interest rates are 0%, any amount of growth compounded over years is attractive.
When you can get a 5% risk-free return from treasuries, even 7% rate of return is unattractive when compared to the safest asset on earth returning 5%.
My point is, layoffs will continue until companies are much more efficient, or interest rates go down.
When you can get a 5% risk-free return from treasuries, even 7% rate of return is unattractive when compared to the safest asset on earth returning 5%.
My point is, layoffs will continue until companies are much more efficient, or interest rates go down.