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Third? The article says this is the second, no?

Maybe he is thinking about "the flattening", but that hasn't happened yet (if it is happening at all). Or maybe this is the flattening. We don't know!

As near as I can tell the article is talking about the flattening (which does not seem to have happened yet).

"flattening" is in the byline of the article.

yes I understand that, but I was referring to the grandparent comment's "second layoff".

As far as the article, I know it is referencing the "flattening" but my point is none of us (besides Mark Z) really know for sure.

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