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Recession prediction is always a difficult game, particularly since the traditional rules of that game have changed since 2020. Whether we are now on the brink of what economists would call a recession or not, it's clear that current workforce disruptions are posing challenges to firms of all sizes and in all industries.
The big tech layoffs making the headlines could be the canary in the coalmine of a recession, but even if they're not, they've created an atmosphere of uncertainty throughout the economy. Following a boom period during which workers commanded the labor market, workers are now being asked to do more while their connection and commitment to their employer is being tested by remote work and job security concerns.
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