Submitted by ChocolateTsar t3_108bvuh in news
Synensys t1_j3sgb7z wrote
Reply to comment by ultimatepenguin21 in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar
Tech companies (which are overrepresented in the reddit hivemind), which overexpanded based on access to cheap credit and people being at home and not being able to spend their money on IRL stuff. Those times have ended, and so the companies are all cutting back. But other areas that got reduced during the pandemic are expanding still (leisure and hospitality, healthcare, construction, education). . The US added 225,000 more jobs last month.
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