Concerns of a Recession still linger

Boston Condos for Sale and Boston Apartments for Rent

Concerns of a Recession still linger

Is concerns of a recession, or as some call it the “Trump Slump”, justified?

Companies that announced Major Layoffs and Hiring Freezes ...

In the last three months (roughly August to October 2025), major companies like Amazon, Target, Microsoft, and General Motors have announced significant layoffs, with October seeing a massive 175% increase in U.S. job cuts compared to the previous year, primarily driven by AI disruption and efforts to cut costs amid slowing demand and uncertain market conditions.

Key Highlights:

October 2025 Surge: Layoff announcements in October were the highest for that month in over 20 years, with AI cited as a major factor.
Amazon’s 14,000 Cuts: Amazon announced layoffs of about 14,000 corporate workers, trimming bureaucracy and accelerating AI implementation.
AI’s Growing Impact: Many companies, including education technology firm Chegg and AI contract platform Robin AI, have directly cited AI as a reason for job reductions.
Economic Factors: Broader economic issues like inflation, rising interest rates, and slowing EV demand (affecting GM) are also contributing to cost-cutting measures.

Notable Companies Affected (Late 2025):

Amazon: 14,000 corporate jobs
Target: Significant layoffs reported
Microsoft: Over 15,000 layoffs this year
General Motors: 1,700 manufacturing workers due to EV demand
Chegg: 388 workers (45% of staff) due to AI
Meta: ~600 jobs in its AI unit
Hootsuite: 150 staff (20% of workforce)
PwC: ~1,500 U.S. employees (primarily audit/tax) in May

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Let’s start from the beginning. We went from “I’ll lower prices on day one” then came “there will be some pain” and now “a recession is possible” this all happened in less than eight weeks. We went from “egg prices will be lower” to “consider raising backyard chickens.” Speaking of egg prices, to Trumps credit egg prices have come down in the first two weeks in March. But for how long? A recent quote in an op-ed in the Wall Street Journal that it “won’t erase the problem overnight.” She said the egg market won’t stabilize for another “three to six months.”

This week we went from lower energy prices to a 25% tariff on energy from Canada.

Stock prices are plummeting and interest rates remain high.

Boston Condo Broker Living Through a Recession

I have lived through several recessions and am prepared for the next. Where I live in Winchester has been mortgage-free since the end of the Great Recession. Being debt-free or having little debt makes it much easier to survive a recession. Especially, if you’re a Boston condo for sale broker, like me.

Boston Condos for Sale and the Bottom Line

My advice to Boston condo buyers, now is the time to pay off those credit cards and car loans. Inflation will continue to eat away savings which is another reason why it makes sense to use the money to pay down debt.

It might be a good time to buy a Boston condo for sale if the mortgage payment is less than what you are currently paying for rent on a Beacon Hill apartment.

Live as if your paycheck will be the last one you get.

My thoughts on a recession this year is this, as long as the job market is strong I think we’ll be okay. I’m a little concerned about hospital layoffs and the tech industry which is a major driver of the Massachusetts economy.

I’ve been told, as a Boston condo for sale broker, I should be more positive attitude, but I’m jus calling it like I see it.