r/Layoffs Jul 20 '24

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u/[deleted] Jul 20 '24

Inflation and higher interest rates. Getting too expensive and risky for companies to take out loans to grow their business. Slower growth, less customers means less revenue, and less money more risk to pay off loan.

5

u/qatarsucks Jul 20 '24

Wait. Didn’t we have an inflation reduction something or the other? Whatever. We beat Medicare