“Most companies, if not all, could cut 30% to 50% of their workforce at any time and see no material difference in performance,” said Mo Koyfman, founder of the venture-capital firm Shine Capital and a former executive at the media company IAC.Well if that's true, that spells Depression for the economy - not a mild drawdown for a few years.
That's pitchforks politically. In the 1930s in the US (and Europe) it meant extreme right and extreme left parties dominated and moderates less so.
This article is either sensationalism, or doomerism.
