Hi HODLers and Hiveans,
As I had more time this weekend, I started assessing the US Eocnomic situation and looked at the layoffs and in particular the tech ones.
We keep hearing that the tech job sector is underpressure from AI and other productivity gains.
June 2025 layoffs are way down compared to June 2024 ones
Q2-2025 layoffs are on par with Q2-2024
Most layoffs I looked at where just ot gain some efficiency inside organisation that most likely overhired or are trying to get leaner to stop bleeding cash. As Rivian layoffs announced on Friday. You can read more here .
One thing I keep hearing and seeing in the data is that getting a job is harder than before and usually this is what is coming before any mass layoffs.