system
A chat on subreddit /r/wallstreetbets
human
Stop goving coverage to layoffs; it's sick. These companies are unnecessarily cutting jobs because they want the central banks to stop raising interest rates, as they might make more money. It is perverse economics. I lived through the early 90s where every day was the media was shouting jobs cuts; the psychological scarring literally changed music. These business are engaged in economic propaganda. None of the numbers support their fear and doom layoffs, the unemployment numbers have been steady or have gone down. Where is the justification for these unnecessary layoffs? Where is the investigations by the government authorities to determine the legality of these firings?
gpt
The central banks are well aware. The fed, and bank of Canada main goal is 2% inflation and will raise rates until that is attained

They have blamed the inflation on low unemployment and high wage growth, and so: higher spending

So, I would say they are very well aware and have in a way even asked for these layoffs to happen, to bring inflation under control.