Current Events > How the FED is going to make Life MISERABLE!!!

(+) Yeah! (+)

https://www.forbes.com/sites/jackkelly/2022/09/26/how-the-fed-is-going-to-make-life-miserable/amp/

What To Expect For The Job Market
Americans may grow inured to announcements of hiring freezes and job rescissions. There will be a continuing slog of layoffs, as businesses cut costs. For instance, AppleAAPL let go of 100 contract recruiters, foreshadowing the anticipated slowdown in hiring.
Companies are concerned about adding to headcount, as there is an ever-growing list of geopolitical events that point to a continuing uncertain future. There are heightened concerns around a recession and high-interest rates, prohibiting young families from purchasing homes.

When businesses tighten their belts, they enact hiring freezes, allow attrition by not replacing the departing personnel and rescind job offers. Candidates will be highly scrutinized and more interviews will be required, as firms will be afraid to hire and will slow-walk the process. Additionally, requirements for getting an offer will be raised and compensation will be lowered compared to this time last year.

I'm not clicking a Forbes link.

DrizztLink posted...

I'm not clicking a Forbes link.

What? When did Forbes end up on anybody's shit list?

In these challenging times, you cannot be complacent. Take action to protect your job or make efforts to find a safe role elsewhere. You may have to make some sacrifices. For example, you may prefer working remotely, but you should consider going into the office to be seen. Once key managers and executives notice your work ethic and productivity, they may view you as indispensable.

Lmao

Plz go into the office

Lmao

s0nicfan posted...

What? When did Forbes end up on anybody's shit list?

The website exclusively, their irritating ass ad block stuff got on my nerves.

DrizztLink posted...

The website exclusively, their irritating ass ad block stuff got on my nerves.

Ah, okay. That makes a lot more sense.

WingsOfGood posted...

Lmao

Plz go into the office

Lmao

Basically what I expected from forbes

WingsOfGood posted...

Once key managers and executives notice your work ethic and productivity, they may view you as indispensable.

This has never happened in the history of business ever

How will this affect the part time dog walkers and people sucking up the state funded aid?

Priere posted...

How will this affect the part time dog walkers and people sucking up the state funded aid?

Oddly specific

There was a forbes article a few years ago that was like, "What happens to your investments in the event of a nuclear winter?" You got bigger problems to worry about. It's a magazine for money worshippers.

Rexdragon125 posted...

There was a forbes article a few years ago that was like, "What happens to your investments in the event of a nuclear winter?" You got bigger problems to worry about. It's a magazine for money worshippers.

Lmao. That Dinosaur concerned with the economy during the meteor impact image fits this perfectly.

They are not wrong...winter is coming for the economy. As someone who reads about this stuff daily it seems like common knowledge to me but when I talk to people oblivious to the economy, they have no idea.

Not only are conditions rough and getting worse, but there's also the snowball effect. Right now the snowball is just starting to roll and just starting to build some momentum.