The big question is “whose jobs”?
If it’s federal government employment that is dropping, or illegal alien jobs dropping, then some will view it positively (I’ve seen this perspective advanced on x.com).
These perspectives bother me a lot, because I want to invest passively, but if people are out there thinking like that, maybe nothing is priced right...
Well those are incredibly ignorant and mostly likely strongly biased beliefs. When I worked for NASA and the DoE, I was surrounded by the most competent, hard-working, productive people I've ever known. Silicon Valley engineers are a joke compared to government engineers. Silicon valley people have newer toys and more flexible funding and no oversight, but government employees have vastly more impact and actual measurable utility. Only morons born into enough safety and security that they can be completely ignorant of how the actual world works believe the government is unnecessary and as many government jobs as possible should be deleted. The owner of that twitter platform you linked to killed several hundred thousand people last year, and again this year, and again next year, through sheer narcissistic incompetence. Is that a good source for any information at all?
The Challenger report contains large companies' announced future cuts. Not government, not small and medium business, not actual job losses. So neither, really.
The people looking to view this positively will find or imagine a reason to do so, regardless of which jobs it is.
Ahh, yes, all the undocumented people working in tech...
A big part of the job losses were driven by Amazon and the end of their UPS contract.
You think illegal aliens working - by definition- illegally, show up on reports like this?
sigh If only the department of education was as well funded as the department of war.
Yes, the illegal alien jobs that are being reported to the government by big corps are dropping. You're spot on /s
Mostly SWEs (especially the type who act pissy on HN).
Mostly Transportation, Technology, and Healthcare [0].
[0] https://www.cbsnews.com/news/layoffs-unemployment-jobs-econo...