El-Erian: Companies 'Resizing to a New Reality'

The video discusses the loss of economic momentum, highlighting that most indicators, except manufacturing, suggest a slowdown. It emphasizes the decline in job creation and the need for a response from Capitol Hill. The impact of major layoffs by large companies like Disney and airlines is noted, with a focus on the shift towards corporate resizing. This resizing aims to adapt to new realities, potentially increasing efficiency but affecting the economy and spending.

What should we keep an eye on regarding the job market and larger companies?

What impact does resizing in companies have on the economy?