The empty threat of a white-collar recession

“Meta laying off 11,000 people and Goldman Sachs 3,200 sounds like a lot. But when you put it in context, it’s quite tiny — there are some 165 million people in the workforce. It’s also important to keep in mind when looking at websites like layoffs.fyi, which tracks tech sector layoffs, that in the grand scheme of things, some of these totals are not that much.”
https://www.vox.com/the-goods/2023/1/19/23561276/tech-layoffs-finance-microsoft-amazon-goldman-white-collar-recession

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