That’s a level of confidence, preparation and forward thinking that would be uncharacteristic. The reality is that everyone else is cutting staff so it’s become expected. And because it’s expected and happening throughout the industry it’s a lot easier to do a layoff or two now than it was a year ago
It’s not because it’s “expected” in the abstract. It’s because everyone is competing for money with the US Treasury, and the rates on those Treasury bills are looking better than they have in a long long while.
Did you have a growth business that’s going to be 50% bigger in 10 years? A few years ago that would sound not-amazing but reasonable. Today that’s nothing. You can get that kind of returns from bonds with like zero risk.
Firms therefore prioritize savings like they haven’t done in years.
