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Message Subject
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Musk announces big job cuts at Tesla The company’s CEO has warned a recession in the US is “likely”
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Poster Handle
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Anonymous Coward |
Post Content
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10% of it's salaried workforce.
The paper pushers...not the builders.
That's not big cuts really.
Quoting: Anonymous Coward 74771809 And why for only three months? I mean your average recession can last close to a year, and generally does: NBER tells us that the average length since World War II has been about 11 months. [ link to www.acorns.com (secure)] So we get to duck the big one? A V-shaped recession features a stomach-churning decline with a strong rebound after hitting the trough.
A U-shaped recession has a less starkly clear trough. It bumps along the bottom for a while, then gradually comes back up.
A W recession is also called a “double-dip” recession; it goes down, comes back up, then goes down and back up again—hopefully, this time to stay.
An L recession is a steep drop, and then…nothing, for a long time. In fact, this is most often called a “depression.”And somehow Musk has the predictive programming to just tighten his overhead belt and laugh it off? How interesting!
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