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Quick Navigation Bottom Misc
Forum » So recession gonna happen or no?
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Thread: So recession gonna happen or no?

post 1705237111 08-19-2024, 01:13 PM
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  1. DolphinPilot
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So recession gonna happen or no?

-Had a meeting at work a week ago where the Director says the whole company is expecting to have sales down to recession levels next FY, layoffs expected to happen
-Says it's like that all over and beyond our industry as well
-A lot of talk in the news and other avenues say the same thing


-Come into work today and find out my counterparts at other offices put in their notice (cuck behavior btw)

So apparently a recession finna happen but everyone is finding better employment elsewhere. Unless they are hopping aboard the OF train I don't see how this makes sense.

What's it like where you're at?
post 1705237311 08-19-2024, 01:17 PM
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  1. OliverHeldens
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It's happening slowly. They need to cut out all the Zombie companies. In a typical year they would dump it quick and rebuild slowly, but this time around it's going to be a full reset.
post 1705237411 08-19-2024, 01:18 PM
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  1. Cudabrah
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When we actually were in a recession, the definition of a recession was changed to convince the public it wasn't happening.


Bidenomics baby!!
440+6 crew; Buccaneers Crew
* Engineering Crew *
post 1705237491 08-19-2024, 01:20 PM
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  1. 6gorillion
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We've been in recession since last qtr of 2023.

They're putting lipstick on a pig until the election in order to not lose to Trump, because the incumbents almost always lose when there's a recession.
post 1705249071 08-19-2024, 05:20 PM
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  1. DolphinPilot
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Originally Posted By OliverHeldens⏩
It's happening slowly. They need to cut out all the Zombie companies. In a typical year they would dump it quick and rebuild slowly, but this time around it's going to be a full reset.
damn I certainly hope so

...

or maybe not, I don't know honestly.
post 1705249301 08-19-2024, 05:25 PM
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  1. 24HrParking
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Yeah our sales have been down, nothing drastic but its down.

No sign of lay-offs yet. I dont think itll happen at this rate

See what happens... (australia fyi)
“I hope death is like being carried to your bedroom when you were a child after falling asleep on the couch during a family party. I hope you can hear the laughter from the next room.”

Australian crew
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Miscer since 2008 crew
6 foot, 85kg crew
post 1705249711 08-19-2024, 05:34 PM
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  1. rectifryer
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defense industry is picking up so that's not a good sign
Boycott foodservice industry crew
post 1705249731 08-19-2024, 05:35 PM
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#8
  1. Jasonw1178
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We have been in it. IDGAF what the stock market is doing, what unemployment says. Sure those things down would be worse but it's not everything.

Consumer debt is at an all time high. People's buying power has been dropping. Bankruptcies, Repos, foreclosure rates are at the highest point since 2010.
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