Investors have spurred a rally across stock markets this year, bringing a glow back to some growth stocks, but companies are cutting jobs amid what could be a hard economic landing.
Fisher Funds portfolio manager Harry Smith said the United States company earnings season revealed large-scale job cuts.
Technology companies were being forced to lay off the staff hired during the pandemic boom, he told the Herald’s Stock Takes podcast.
Stock Takes is available on IHeartRadio, Spotify, Apple Podcasts, or wherever you get your podcasts.
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