ProgN said:
Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
Could be, when we start seeing layoffs then it would support your hypothesis.
Your statement hit home. We have been having the economy as one topic of discussion at the dinner table. I told my son when the layoffs start happening that's when you know the trouble is running deep. He works part-time at a grocer Hy-Vee. They started layoffs about 2 months ago, starting with Marketing & Advertising (but not all), estimated 50 jobs. Last month 100 jobs. Two weeks ago 415 jobs and Corp employees are given opportunities back at the store level (cut in pay of course). Netflix hit the newswire this morning with 150 layoff. Since the Warner Media merger with Discovery, Zaslav/CEO has been cutting left & right. Warner studio employees in California feel they have the upper hand,....sounds good until the cuts start rolling down. AT&T was closing west coast call centers and laying off in January. These are the one's I remember, but I think the layoff trend is in gear. Had an article on my news feed about how to defend yourself in an interview being seen as a job-hopper now that the
gig economy appears to be dying or dead. Yeah, I think the it's happening..