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Why So Many People Are Losing Their Jobs and What It Means for the Job Market

Friends That Invest

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Are We Facing Sturdy Inflation?

The CEO of Stripe made a blog post on the company's website about their layoffs and they cited a few reasons which I think applies to most tech companies. They said we're facing stubborn inflation. Energy shocks. Reduced investment budgets. And sparse startup funding. So you put this economic struggle along with the fact that they've hired all these people and like it does make sense. It's the perfect storm to go whoops, like we have more debt to pay.

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