HomeFinancial MarketsCorporate Opinion Currently Low On U.S. Economy

Corporate Opinion Currently Low On U.S. Economy

If you were wondering how Corporate America currently feels about the U.S. economy, you’re in for a real treat. In recent days, we’ve seen evidence of major corporation leaders casting a downtrodden perspective on the American economy as a whole.

Tesla mogul Elon Musk, for instance, told his employees in a company email that he has a “super bad feeling” about the U.S. economy. This was paired with a declaration that he plans to lay off 10% of Tesla employees as a result.

But Musk isn’t the only popular name in big tech to express worry over the financial state of the country.

Mark Zuckerberg, acclaimed founder and CEO of Meta Platforms (better known as Facebook), also told his staff his worries about the economy, calling it “one of the worst downturns that we’ve seen in recent history.”

JPMorgan CEO Jamie Dimon joined in on the pessimistic fun, likening the projective state of American economic affairs to that of a “hurricane”.

For the cherry on top, it was revealed on Monday that Apple would slow down its hiring process for the time being.

In other words, Meta, Apple, Tesla, and JPMorgan are worried about the future of the U.S. economy. While that doesn’t necessarily confirm anything, it doesn’t mean nothing either.

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