Cool blame the government for the decisions of the executive team…
They weren’t FORCED to hire like crazy, they did it because they got greedy, thought the money train would never stop and got caught with their pants down. Many companies stayed within normal growth estimates and many didn’t.
Executive teams should be expected to predict these things accurately or be held accountable. But they won’t. They will cut staff and will happily pretend they did everything they could cash the checks and do the Bronze Medal meme Celebration as they MBA (verb) the fuck out of a company until it is dead and do the same to the next one.