The wave of layoffs has begun in the United States.
$Nasdaq Composite Index (.IXIC.US)$In recent times, there are increasing signs that the watershed for interest rate hikes is beginning to emerge, making large-scale corporate layoffs inevitable in this situation. Last weekend, Musk started the second wave of layoffs on Twitter, dismissing 80% of Twitter's contract workers. This is not just a new leader's 'three fires', the trend of accelerated layoffs and rising unemployment rates across the United States is already significantly on the rise. How wide is the impact? In addition to$Apple (AAPL.US)$As a risk management tool, options also have leverage, which can help Mooers hedge their positions, gain big profits with a small investment, and enhance potential returns.$Amazon (AMZN.US)$and other technology giants laying off employees, disney (DIS.US) and GlobalFoundries (GFS.US), two industry giants, have also implemented hiring freezes and are preparing for layoffs. Not only that, Wall Street has also started wielding the layoff sword. Both citigroup (C.US) and goldman sachs (GS.US) have joined the latest list of corporate layoffs. In fact, the U.S. unemployment rate began to increase more than expected in October. According to the U.S. Department of Labor, the October unemployment rate rose to 3.7%, an increase of 0.2% from the previous month, and the number of unemployed people directly increased to 6.1 million.
The wave of layoffs has led to an increase in the unemployment rate, and even includes the peak of the economic cycle, all within the plan of the Federal Reserve. I would say that these signals may be beneficial to the company's stock price in the short term, but from a macro market perspective, it also means that the U.S. economy is beginning to fall into recession, which will lead to a decrease in demand, a slump in foreign trade, and a direct impact on many countries' export earnings, dragging down the global economic growth rate. I can only say that being prepared is the key to avoiding trouble. I hope everyone is prepared for the winter.
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