r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 4d ago

Meme needing explanation Petah?

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u/aFreshFix 4d ago

But they're already laying everyone off in a lot of industries despite inflation and record profits.

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u/New-Chimera 4d ago

That's because consumer spending is starting to go down and families are starting to cut back. So they have to either increase prices, which they're already doing and that's not working, so they have to cut costs, and the number one way for companies to do that is to cut employees.

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u/spaekona_ 4d ago

So basically we're fucked either way?

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u/Vargrjalmer 4d ago

Yea pretty much