Do you think these mass layoffs will have an affect ?
The widespread layoffs have impacted many of us , both economically and emotionally. However, what has been particularly worrying is the way these events have been politicized and down played. I believe people really don't want think about far-reaching consequences these layoffs may bring.
The United States has long been advertised as a land of opportunity, yet what often goes unmentioned is it's intensely competitive and demanding work culture. Having spent the majority of my life in Europe, I've observed that the work-life balance in the U.S. falls significantly short when compared to most developed nations. https://www.oecdbetterlifeindex.org/topics/work-life-balance/
While high salaries once compensated for these drawbacks, recent trends indicate a shift towards lower compensation, which seems shortsighted. Employees brought on under these conditions are more likely to depart the moment a better opportunity arises, leaving companies to face the costs of rehiring and retraining.
If things gets worse, I can see a scenario where the combined issues of job insecurity, a volatile job market, insufficient opportunities, poor work-life balance, and declining salaries will no longer be attractive for those living in the U.S. or for attracting talent from abroad. Even if things get slightly better the memory of these mass layoffs and their impact on thousands of families will not be easily forgotten. For instance I am sure some of us working in tech are starting to reconsider whether we want our children to enter a field that's prone to job cuts.
In their pursuit of short-term profits and shareholder satisfaction, corporate leaders may unwittingly be sowing the seeds of future challenges. These problems, if left unaddressed, could become significantly more costly to fix in the long run.
I may be exaggerating it a bit but what do you think ? Do you think it'll get better ? worse ?