Evercore ISI senior managing director Mark Mahaney reveals which stocks could outperform if the US economy is hit with a recession on 'Varney & Co.'conditions and recession fears as the driver.
"It is a process called social influence—people, including managers look to what others are doing in a process of social contagion," Pfeffer said, adding that this can even occur with layoffs. Worker selects and packs items during Cyber Monday at the Amazon fulfilment center in Robbinsville Township in N.J., Nov. 28, 2022.As a result, Safai said other companies who are observing their competitor "getting ahead of the game by cutting their loses" may be questioning whether they are doing something wrong. Amazon, Apple, Meta Platforms, Lyft and Twitter weres announcing hiring freezes or layoffs, with Amazon possibly reducing its workforce by as many as 20,000.
we’ll if the professors and nyc psychiatrists say so..
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