Are layoffs ultimately good or bad for the companies that do it and the general economy? This month, we got Timothy Ho, Co-founder and Managing Editor of DollarsAndSense, on the show to talk about how the scale at which workers are getting laid off is affecting the economy, what investment opportunities we can take advantage of, and how individuals impacted by layoffs can come out of this event financially stronger. Timestamps

(00:00) – Episode introduction.

(00:29) – Introduction to the episode’s guest, Timothy Ho, Co-founder & Managing Editor, DollarsAndSense.

(03:36) – What has led to the current economic climate?

(07:47) – Do layoffs always achieve the goal of improving profitability for companies?

(12:54) – How is a small country like Singapore affected by layoffs globally as well as locally?

(16:08) – How does the current climate of layoffs affect personal spending, or the way people invest?

(19:30) – Given the opportunity for investment returns during a period of recession, how has Timothy tweaked his investment strategy during this current time?

(25:02) – Is investing in big tech companies going to continue providing the same returns as we have seen in recent years?

(30:56) – What can somebody affected by the layoffs change in their daily habits around spending or investing to improve their situation?

(35:28) – Episode outro

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Disclaimer:

The advice shared in this podcast has not taken your personal risk and finances into consideration, please seek the advice of your financial advisor before making any decision about your money.