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Wow, people during the Great Depression must have been really efficient. If only we were that efficient now....

Funny, I didn’t realize we saw an incredible number of jobs created during the Great Depression.

While I agree layoffs don’t equate recession they are often a precursor. Of course hirings should be considered too. Layoffs > hirings is almost always a bad sign for the economy.

Exactly. Especially with growing wages and shrinking revenues. Watch for the first uptick in unemployment claims. Companies will cut workers to make estimates.

I just got laid off because management overspent on engineering in FY19 and the sales numbers missed the forecast by a country mile.

They're tightening the belts so my entire team got jettisoned. And we were a pretty efficient team.

I certainly agree that layoffs don't mean a recession, but I don't see how you can argue they represent an increase in efficiency.

Hire team of 4 to do project. Agree to do it in 1 year. Fire two, expect project to be delivered in 1 year as agreed.

It's a joke but I have seen things too close to it in reality.