Tens of thousands of jobs just in the tech sector alone have been cut last year from companies like Twitter, Meta, and more. Cisco cut jobs, Amazon, Peloton, Ford, Morgan Stanley, Crypto.com look like they are also cutting about 20% of their staff as well.
2022 was a horrible year for cryptocurrencies like bitcoin and we know that the market saw $9 trillion wiped out.
Inflation also doesn't seem to be under control yet since central banks are still insisting that they are raising rates to target and address the issue of inflation. We have heard plenty of talk about a potential recession to come, how many more jobs will be cut in 2023?
There will be many who are cutting back but that doesn't mean that there aren't some industries and companies out there who are hiring and seeing potential growth this year.
Some of the top industries for job seekers in 2023 according to Forbes are industries like Cloud computing, AI, healthcare, hospitality, and e-commerce.
Finance experts have been debating over whether a recession will hit this year or not and it looks like some economists place the chances around 70% or more that we might see a recession this year.
With inflation pushing prices up it already has millions of people struggling and many middle income and low income families wondering how they are going to keep a roof over their head if food prices continue to go up as they have been. Already we know that a number of people struggling are making that choice to go without meals or more, wherever they can, because things have been so difficult for so many.
Seniors are worried about going hungry and those on fixed incomes with little wiggle room to absorb inflation. Why are so many suffering in the first place in the current economy? Is it because of the arguably misguided systemic financial actions of others that have fueled and perpetuated this situation in the first place?
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