Recession soon?

[Marvelockg]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

the global economy is seriously in a messy situation right now and it's sad that most news headline is centred on wars, crime and negative reports in the business world. A I had also joined in contributing to the laying off of somany workers because of the need to cut down cost and coupled with the how most jobs could easily be replaced with th AI, it sure breaths out threat to all working population to tighten thier seat belt and put in extra effort if they have any plans of continuing in the jobs they are currently doing.

[electronicash]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

the global economy is seriously in a messy situation right now and it's sad that most news headline is centred on wars, crime and negative reports in the business world. A I had also joined in contributing to the laying off of somany workers because of the need to cut down cost and coupled with the how most jobs could easily be replaced with th AI, it sure breaths out threat to all working population to tighten thier seat belt and put in extra effort if they have any plans of continuing in the jobs they are currently doing.

agree with that. AI has advanced quickly and companies are preparing to just implement AIs and robotics. the layoffs are just the start because in my country the rivers seem to have dried up and rice fields may not produce enough rice to provide for the country. recession is nothing compared to what's coming. because sooner the strong countries are going to be plundering the weaker countries to get more resources.

the news is often just about wars and negative reports are distractions that people will not mind the recession.

[sunsilk]

We are already into it. The other superpowers have already declared that they're into it whilst for US, they are not yet admitting it.

You see that the richest person are selling their billions of stocks for how many times and there's a reason to it. They won't just sell it because they need money but they're selling it because they know something.

It seems that the bunker debunk is for real for Jeff Bezos and why he's into series of selling his amazon stocks.

[el kaka22]

I would say global recession could happen based on the interest rate and not because of unemployment. Normally, when the rate is very low, business people do not consider putting their money into a tiny savings interest, whereas if the interest rate is high then they would put all their money into it.

It is the difference between them wanting to grow their business with their money and even with debt because rates are low, and hiring more people based on that because the business is growing, versus the fact that they would simply just put their money into savings account and leave it there. THAT could be the reason why we may have recession, it may not be tomorrow, but that feels like it's already starting right now.

[Fortify]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

It's definitely tough times in the job market right now and this feels a bit like a stealth recession, because all the economic indicators are telling us this is rather mild. Anyway, recessions are nothing new and historically you can expect them every 8 years on average, with smaller corrections happening every 2-3 years. With that in mind it should be no surprise or shock that companies are re-calibrating right now to save cash. However as recessions go, this one seems to be the best type that you could hope to get, you'll find that the unemployment rate in most advanced economies is still relatively low, even though it might feel like there are many job cuts taking place, the reality is most of these people could get into new work elsewhere.

[Rruchi man]

It's definitely tough times in the job market right now and this feels a bit like a stealth recession, because all the economic indicators are telling us this is rather mild. Anyway, recessions are nothing new and historically you can expect them every 8 years on average, with smaller corrections happening every 2-3 years. With that in mind it should be no surprise or shock that companies are re-calibrating right now to save cash.

Even as companies are recalibrating their staffs and laying off some workers to save cash, there are still some very key important staffs that they would never let go because of how important those people have made themselves to be to the success and growth of the company.

As a worker in a company, If you have already been laid off work, search for new job elsewhere and then reduce the chances of being laid off again by increasing your qualification or skill sets so you become very important.

If you have not been laid off work, you are not not exempted from the risks of loosing your job too, you have to make yourself relevant by becoming more important to the company.

[Faisal2202]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

we are already in recession, but talking specifically about the largest organizations laying off their employee is not only due to the recession because many organizations have their own plans according to which they lay off employees, and if your colleague is not getting any job then he/she should focus a little bit more, it might be an individual error (human error) that is becoming a hurdle for him, he should work on himself more, meet with the up to date skill set so that he would become a attractive candidate of the companies.

As you did not mention his job type so shared my POV generally not specifically. In Covid unemployment was at a high rate, in comparison to the current time. We can easily find jobs if we know how to find one, if still not getting any luck then other than waiting and applying we can't do much. I hope your colleague finds another job soon.

[darkangel11]

There's a lot of indicators that were peaking only before recessions and they are showing that we're bound for one soon. I've seen some pretty good analysts saying that we're going to face the music soon and it can happen this year, or next year, but it will happen. Most likely it's going to be the the end of the year, or next year, which will coincide with a number of other things, like the outcome of war in Ukraine, US presidential election, Bitcoin bull cycle, and S&P peak. Most likely this year we'll witness the last big run up of stocks and bitcoin before another crash, but this time bitcoin could crash less than stocks.

If you don't believe that something big is happening, look what the rich are doing. They're selling their own stocks. Jamie Dimon sold JP Morgan stocks for the first time. Musk also sold Tesla this year. They're preparing for the worst.

[tabas]

Laying off of many employees is a sign that the economy isn't doing well. And with the tech companies doing this since the height of the pandemic, that only means that they've been lessening their cost of human resource for how many years up to this moment, they're not yet done. And with the emergence of AI, there have been positions that have been replaced by it and it's a real thing. Honestly, I wouldn't believe on it that most of it will be replaced by AI but not this quick. The phasing is so quick to the point that many workers are worried with their places if they're not going to upskill, there's a big chance that their employment will be gone and they'll be laid off too.

[FelixH]

By definition the US is already in a recession for many many months

[adaseb]

Yes people have been expecting a recession after Covid for years and it still hasn’t arrived. Some countries like Japan are in a technical recession but nobody is losing their jobs, just their gdp is flat.

USA is completely different because it has positive growth. And it doesn’t seem like it will stop anytime soon. So yes we might have a recession but it might be like 2 years away.

[Betwrong]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

It's just what's happening around you. The world is big and in other parts different things are happening. Also I don't understand the "overhired the employees post COVID" part. I'm sorry people around are losing work, but it has little to do with what's happening in the world as a whole.

[icalical]

The prediction of Global Recession has been going on since 2021, they said it would happened in 2022, and then when it didn't happen in 2022 they said it would happen in the 2023, and now when it didn't happen in 2023 they are saying it is going to happen in 2024. I doubt that global recession will happened shortly, unless the world is falling into WW3, other than that global economic will still be okay at least. Most country won't have their economic growth significantly because many factors, but even if there is a recession it would still be in some region and won't happened globally.

[Zlantann]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

The world has not recovered from the negative impact of COVID-19 19 then the war in Ukraine broke out. The US and its NATO allies are spending more on financing the War than focusing on the economy. The war also caused so much energy crisis which destabilised many economies. Now we are facing the war in Palestine and the surrounding Middle East which has affected the finances of the financers and caused a refugee crisis affecting neighboring countries. As of yesterday, the Houthis have launched at least 57 attacks on commercial and military ships in the Red Sea and the Gulf of Aden since November 19.

This is having economic consequences on so many companies because bypassing the Gulf of Aden and the Red Sea through Cape of Good Hope adds about 3,500 nautical miles to the journey making it more expensive. The US and UK are spending billions of dollars to restore safe passages but it is also proving difficult. All these extra expenses affect the operation cost of many companies which will force them to look towards downsizing. This extra cost due to the high cost of transportation could lead to the price of goods which could also cause inflation in some countries.

https://www.google.com/amp/s/www.aljazeera.com/amp/news/2024/2/25/us-uk-bomb-houthi-sites-in-yemen-amid-surge-in-red-sea-ship-attacks
https://www.bbc.com/news/business-67827444

[harapan]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

Recession Soon??
We all know what a recession is,and we are already in a recession.Some of the challenges that we're having now is as a result of the last recession that we all witnessed;we were all affected by the trials of the worlds economic/financial crisis.Recession is a devastating and depressing entity entirely to live in.The last recession was a big mess to us,I mean all round big mess.Even after the recession was over,the recovery was taking too long and economical weakness has not still left the surface of the worlds economy.
 There have only been few times I've heard about the economical growth to be moderate and accurate.Even so,unemployment rates has increased and some financial firms and organization that seem to be in charge to restore or support the jeopardizing situation have also collapsed.
 We're already in a recession,and the worst of what we're going through right now can occur in no short time.

[Briankimp1]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think this all started during covid some workers were laid off for health reasons while others for economical reasons and as we may all know, the global economy has not recovered from such a huge setback joint with the added global crisis popping up in Europe, like the war in Ukraine which has rubbed salt on the global economic injury, Ukraine’s war to me is a proxy war brought to light by the United States just a day or two ago NATO chief openly said Ukraine will join NATO only a matter of time statements like this will only add fuel to fire.
Remember prior to this war Ukraine’s agriculture amounted to a staggering 41% of the country’s exports which has affected the global price of food.

[Mr. Magkaisa]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

        -  I haven't updated on the recession yet, mate, but we shouldn't be worried when that happens. To be honest, let's prepare for that thing. I'm not saying that it will happen, of course not; it's said that it's better to always be prepared than not.

Others are too worried about the recession, but if you are a capable and strategic person, I am pretty sure they are ready for all occasions. It's just like a pandemic; some people thought they wouldn't be able to survive, but it ended after a few years, and they still managed.

[Myleschetty]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession?

Both yes and no. It is dependent upon where you now dwell. While some nations are currently experiencing a recession and others are on the verge of one, the main issue is the poor leadership style of the government, and the absurd thing is that they never stop creating new fiat money.
Since large financial institutions are adopting cryptocurrencies, we should be aware that the worst economic scenario is likely to unfold ever since firms such as BlackRock, whose CEO onetime expressed disapproval of Bitcoin before subsequently praising it, are difficult to convince to change their minds.

[davis196]

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

This topic has been discussed multiple times on the forum. There are forum threads asking exactly the same question. Why don't you post on the old forum threads, instead of creating a new one?
Yes, post-COVID layoffs in the tech industry combined with higher interest rates by the Federal Reserve. The fact that the "Big Tech" industry is laying off employees doesn't necessarily mean that the entire US economy is going to enter recession. The higher interest rates by the Federal Reserve are the tool, that will prevent the economy from overheating and it will lower the levels of inflation. I've studied macroeconomics in the past and it's written in the old books that the inflation and unemployment levels have a hidden correlation between each other. Higher unemployment rate means low inflation and vice versa. The only way to fight inflation is to force the economy into a small recession.

[God bless u]

In my opinion it's true to some extent because many of the job destinations are being replaced by smart technology and the development of AI and other automation sectors have lead to decrease in demand of the jobs.people are not getting that how they can get skills in smart work rather then hard work.

Companies save a lot on their budget and gain more profit in shifting to automation so rather than labour work because labour costs you more.Smart work other than hard work that's the solution.