We are witnessing one of the strangest labor markets in history. Companies across various industries are (simultaneously) either struggling to hire sufficient staff from pandemic abnormalities/tight labor conditions or quickly looking to reduce headcount for fear of a recession or earnings slowdown. These two things are, of course, happening in two very different parts of the labor market, the divide being between “skilled” and “unskilled” labor. Macroeconomic predictions are all over the place, and many companies have no idea how to proceed; protect short-term earnings/survival with layoffs, or forge ahead with planning for future growth by overpaying for scarce new hires?

https://fortune.com/2022/06/29/michael-burry-tesla-layoffs-white-collar-workers-screwed-offshoring-the-big-short/

https://www.cnbc.com/2022/06/21/nobel-prize-economist-labor-market-worse-than-the-70s-as-strikes-hit-uk.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message