article in the wire about services firms…

As it is the WITCH cos are so massive I wonder how they manage things properly … things eventually reach a span beyond which agility and control is hard with too many reporting layers

Previously happened with less media attention in 2008 during Lehman Bro. My first recession season but fortunately not affected

seems legit. I guess the numbers will be slightly higher around 1.5L . these companies have hired like mad and now when client budgets will get due to rising inflation and recession concerns. These balancing act is bound to happen. Though this layoffs will be first time in 15 years. Also this will be the first nail in the coffin for the Great IT bubble driven by Service Based Companies.