A global recession is on the horizon - please read OP for mod warning

HP have announced a phased 12% workforce reduction in their global workforce.......They employee "up too" 4000 people here

Some interesting reading on this here- https://www.livemint.com/news/world/google-joins-layoff-trend-in-2022-to-let-go-10-000-low-performing-employees-11669104973302.html

"Hedge fund billionaire Christopher Hohn has argued in a letter to Alphabet that the number of employees in the company needs to be reduced. The UK investor has also told Google's parent firm that its employees are paid excessively compared to other digital companies.

Hohn claims that the company's headcount is "excessive" in comparison to historical hiring patterns and does not meet the requirements of the present business environment"...."Hohn’s views seem uncannily similar to Elon Musk's concept for Twitter. Many well-known US-based digital businesses like Twitter, Amazon and Meta, are trying to save costs."

Scholz also announces a new support fund

Very bad form, I think, from Google. Firing people is one thing. They know it impacts people lives but publicly saying they will fire poor performers is just adding a label to these people for the world to see. What will recruiters think when they see a CV where the person left Google during this period? “It is likely a poor performer, why take the risk”.

Stack ranking or bell curve grading I believe it's called. US companies have been doing this since Adam was a boy

Looking likely the gas cap is back to the drawing board. Probably best off leaving it as it is given the risks that it could possibly crash the whole financial system if it went wrong.

I'm still getting tonnes of messages from recruiters on the contracting side. Also bear in mind that this time of year is usually slow for hiring.

Russian special services prevented a terrorist attack on the South Stream gas pipeline — the FSB of the Russian Federation.

No details on who attempted it but special service officers detained four people, who found an arsenal of explosive devices. Would of been absolute carnage if it went off for the Balkans.

Interest rates def going up,just a question if it will be .5% or .75% now

European industry is facing an existential threat from the US, as the US plans lavish subsidies for various industries to the tune of hundreds of billions of dollars. This coupled with far higher energy prices in Europe compared to US risks turning mainland Europe into an "industrial wasteland".

It is rather a show of how people become incapable of saying they were wrong or that something cant be done. Price cap will be triggered by certain conditions and those triggers were set in a way that it is clear they can not met said conditions.

So our overlords can say look we are imposing price cap and they can also say there is no price cap imposed...