While the warning signs are definitely there for a new recession (especially Brexit, the whole Trump vs China fiasco and China's own economical problems), the recent layoff wave that GP alludes to was rather certain "new media" outlets discovering that their business model was not as profitable as thought.

The Activision Blizzard case here is just short-sighted corporate greed. "Best financial results in history" but the bonus coffers of the C-level executives are not filled enough it seems.