How much have layoffs affected engineers vs. other departments? Here's the data

Re:How much have layoffs affected engineers vs. other depart... by hedora on Thursday October 13, 2022 @10:11PM (#33198859)

I'm not convinced.

According to that page, we had 24.6% growth last year:

1.062 * 1.07 * 1.025 * 1.07 = 1.246..

YoY growth last quarter was 7.3%:

1.025 * 1.07 * 0.994 * 0.984 = 1.0727

The US GDP usually grows 3-4% per year. It's beat that on average since Covid started:

So, by any reasonable definition of the terms, we're simultaneously in the middle of an economic boom and a recession.

The last few years broke all sorts of macroeconomic rules of thumb.

shrug

[ Parent | on HN ]

Re:How much have layoffs affected engineers vs. other depart... by hparadiz on Thursday October 13, 2022 @10:50PM (#33199100)

GDP growth being negative could also be attributed to product shortages.

[ Parent | on HN ]