Submitted by GlupShittoOfficial t3_zi4zbo in wallstreetbets
Maybe this posts deserves to be in some jerk off conspiracy forum but does anyone else feel like tech, the media, all of Fortune 500 wants this recession to be 2008 again?
It’s so fucking mask off when tech companies are laying off entire divisions of people under the guise of “mah recession” or “mah advertising” despite all the layoffs being for hyper bloated teams that were brought on to show “growth” and “diversification” despite low profits or being “pre-revenue.” The CEOs are all sad jerking their dicks into a pool of money because they’ll be praised for making “good business decisions in the looming recession” as opposed to being held accountable for being unsustainable greedy fucks.
The stock market is finally catching on that tech has to actually behave like a real business so they’re just taking the lazy way out of cutting thousands of jobs so their Q1s next year are finally green.
Are we in a recession? Possibly. But this is gonna be the least dramatic bear market most people have ever seen in their lives. Jobs are still growing. Inflation is coming back down to earth. Interest rates are going to historical normals. Your life won’t change but your 401k might look like a limp dick for a few years.
Shit costs too much, but why is that? Record profits that’s what. We’re all taking a bath because everyone’s prices are going up despite costs staying the same. Oil companies have sat in front of congress and admitted this already. Yes some shit, especially from China, has justifiable higher cost but your fucking fat fuck Oreos from the grocery store? Yeah no way the 2 cents more it costs to import cocoa justifies a $2 increase.
It’s all bullshit and it’s so obvious. Not like this is any different from but everyone’s given up trying to be sneaky about it.