Mass layouts started when the government increased the interest rate to fight in... | Hacker News

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marcosdumay 7 months ago | parent | context | favorite | on: Amazon cuts 16k jobs

Mass layouts started when the government increased the interest rate to fight inflation. By 2024, inflation was already under control, the interest rate was falling slowly, and companies were starting to hire.

slaw 6 months ago [–]

Correlation without causation. In 2024 companies were not starting to hire.

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