“It was the best of times; it was the worst of times.” The classic line from Charles Dickens comes to mind when surveying the current economic landscape, which is full of unique and often-confounding contrasts. Workers are growing increasingly concerned about layoffs, but hiring activity remains robust and employers are planning big raises for 2023. Many big tech companies are laying off workers or pulling back on hiring, but economists say it’s an isolated situation that isn’t indicative of problems at more traditional businesses that don’t depend on slowing venture capital funding.
The Playbook: A tale of two economies and what it means for employers
July 20, 2022