The recent labor-market statistics have revealed a decline of 19,000 in the number of jobless claims during the holiday week, thereby stroking back to life the Street’s fear of an economic slowdown.
However, the resumption of tech layoffs, which began in the middle of last year, with recent announcements from Salesforce (CRM) and Amazon (AMZN), suggests that the much-feared economic slowdown might already be here. CRM co-CEO Marc Benioff wrote in a letter to employees, "The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions."
