This year's layoff wave just hit a grim milestone—over 1.1 million job cuts announced so far. That's the highest tally we've seen since the chaos of 2020, when the pandemic first ripped through global markets.

What's driving this? Tech sector bloodbath, recession fears creeping in, and companies aggressively trimming costs to protect margins. Major corporations across industries—from finance to retail—are slashing headcount as economic uncertainty intensifies.

For crypto and Web3? This macro pressure matters. When traditional jobs evaporate, capital flows shift. Risk appetite changes. Institutional investment slows. Even retail sentiment takes a hit when people are worried about paychecks.

Keep an eye on employment data. It's not just about stocks anymore—it ripples straight into digital assets.