Redundancies and Layoffs

I know all the major companies are looking at their costs right now. They're looking at cutting the low hanging fruit, the spending that's quite expensive for what it is. Fancy lunches being delivered freshly every day for example, quantity of gym classes being reduced, performer of the month bonus going, the monthly team bonding session scaled back, business travel discouraged.

This will probably happen slowly through the next 6-8 months. Then if things are still not back to normal like they were, and we're still looking at consumer sentiment down due to high inflation, lower demand for products, then the large companies will start looking at layoffs. And when one big company announces it, the rest will follow suit so as not to be left behind.

I feel we're at the stage of pre bust right now. Similar to how everyone was still in great jobs and prices were going up in property in Dublin around 2007 while commuter belts started seeing properties drop in price.