Roku: “Current economic conditions”
Cisco: "rebalance across the board"
Amazon: "unusual and uncertain macroeconomic environment”
Disney: “a targeted hiring freeze”
Meta: “macroeconomic downturn”
Salesforce: "performance issues”
Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,”
Opendoor: "the most challenging real estate market in 40 years”
Once a company or two uses these phrases it become politically acceptable to repeat them because they have now been "vetted". Contrarian or outsider views are not well received most of the time despite all of us wanting to believe we're different/unique/contrarian.
Humans are such an interesting species.
Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.
For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.
Could you elaborate? I honestly don't understand...
The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed.
https://www.globalpropertyguide.com/investment-analysis/The-...
Opendoor is US only (as far as I know) so the layoff justification just seems silly.
Seagate technologies: "global economic uncertainties"
Philips: "worsening macroeconomic environment"
Microsoft: "valuate our business priorities on a regular basis and make structural adjustments accordingly"
Intel: "sudden and rapid" economic decline
Twilio: workforce grew “too fast” and “without enough focus”
> "An increasingly competitive world"