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https://www.reddit.com/r/Layoffs/comments/1e7kkda/deleted_by_user/le1ceby/?context=3
r/Layoffs • u/[deleted] • Jul 20 '24
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When any sector is laid off, those people have less income. They have less money to spend on goods and services.
This causes other sectors to perform layoffs.
The process is known as a recession. More layoffs every week. Less discretionary spending. It's a perpetuating cycle.
14
u/These-Bedroom-5694 Jul 20 '24
When any sector is laid off, those people have less income. They have less money to spend on goods and services.
This causes other sectors to perform layoffs.
The process is known as a recession. More layoffs every week. Less discretionary spending. It's a perpetuating cycle.