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A comment on DigitalOcean Is Doing Layoffs Right Now. Parent comment

Re:DigitalOcean Is Doing Layoffs Right Now by aCoreyJ on Wednesday February 15, 2023 @11:01AM (#34805616)
There is a major difference between "this thing we have to do in order to hit our target 2% inflation rate may unfortunately increase unemployment" and "the fed wants layoffs"

Also job numbers have been incredibly good so it's not even generally true unemployment is increasing outside of sectors that are incredibly susceptible to fears of recession.

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Re:DigitalOcean Is Doing Layoffs Right Now by Octoth0rpe on Wednesday February 15, 2023 @11:29AM (#34806116)
> There is a major difference between "this thing we have to do in order to hit our target 2% inflation rate may unfortunately increase unemployment" and "the fed wants layoffs"

I don't think that is a major difference to someone who is laid off because of intentional decisions that the fed makes to effect an outcome, knowing that layoffs will be a consequence.

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Re:DigitalOcean Is Doing Layoffs Right Now by JumpCrisscross on Wednesday February 15, 2023 @12:05PM (#34806943)
> don't think that is a major difference to someone who is laid off because of intentional decisions that the fed makes to effect an outcome

The difference between being laid off and having job offers versus going onto a growing roll of the unemployed is major. We're not seeing a meaningful increase in unemployment [1][2].

[1] https://fred.stlouisfed.org/series/ICSA

[2] https://fred.stlouisfed.org/series/CCSA

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