Independent thinking for complex markets and current events
⬆️ MAYOR'S PROPOSED BUDGET: DEPARTMENT SALARIES/PAYROLL INCREASES/DECREASES ⬇️ • 1,647 layoffs (direct savings $114M)• 1,074 vacant position eliminations (direct savings $100M) • Fire will get a net increase: +227 positions• Housing will get a net increase: +74 positions pic.twitter.com/qRWwBQfj0g — LA City Controller Kenneth Mejia (@lacontroller) April 22, 2025 LOS ANGELES (AP) — Los Angeles …
JUST IN: Swiss pharmaceutical giant Roche has said that it would invest $50 billion in the U.S. over the next five years, amid concerns about the impact of possible new White House tariffs on pharma goods from abroad. The investment will create more than 12,000 jobs, Roche said — unusual_whales (@unusual_whales) April 22, 2025
Sam’s Club, the Walmart-owned membership warehouse, is rolling out a major change to its grocery payment system and embracing artificial intelligence (AI). The retail giant plans to phase out traditional checkouts across its 600 stores and create a friction-free shopping experience which will include customers scanning goods on the go with an app and then having and AI …
IBM Layoffs 2025: The tech world was shaken this week as IBM announced plans to lay off approximately 9,000 employees across its US operations while simultaneously listing thousands of new positions in India. This strategic shift represents one of the largest workforce restructurings in IBM’s 112-year history and signals a dramatic change in how global …
“The private sector’s hiring was much stronger than expected. Economists had forecast 115,000 jobs. Businesses added 209,000 jobs. The workforce participation rate climbed from 62.4 percent to 62.5 percent. The average workweek lengthened, a sign of increased demand for labor. Average hourly earnings rose 0.3 percent compared with February and 3.8 percent compared with a …
Furloughs in the federal government totaled 216,215 for March, part of a total 275,240 reductions overall in the labor force, according to Challenger, Gray & Christmas. The monthly total was surpassed only by April and May of 2020 in the early days of the pandemic when employers announced combined reductions of more than 1 million. …
We are in a recession! ⚠️This is HUGE: 1.2 MILLION people lost full-time jobs in the US in February, the 2nd-highest reading since the 2020 CRISIS. This comes after January upward revision of 2.4 million due to historic population adjustment. Is the US job market cracking?👇https://t.co/3owdJozuXU — Global Markets Investor (@GlobalMktObserv) April 1, 2025 🚨US …
The signs are clear, and they’re downright alarming. The new administration seems set on cutting 25-35% of the federal workforce, which could lead to as many as 800,000 job losses. That’s unthinkable. If this goes through, expect an additional 50 basis points added to the unemployment rate, and that’s before even factoring in the contractor …
Rachel didn’t see this coming… ECONOMY – BREAKING: oops … more bad growth news for Rachel. She don’t factor this in either. British steel now looking at closing! 3500 jobs would be lost. Net zero will make you wealthier apparently 🤡 pic.twitter.com/rcbi4GsCbB — Bernie (@Artemisfornow) March 27, 2025 🚨NET ZERO -The UK ships 50 MILLION …
by Michael Is your job in danger? We live at a time when the development of artificial intelligence is growing at an exponential rate. AI can already perform lots of tasks better and far more efficiently than humans can, and it appears to be just a matter of time before AI can do virtually everything better …
Same vibe as the NPR CEO: "Truth is a distraction from getting things done."pic.twitter.com/lmUycssRs2 — The Conservative Alternative (@OldeWorldOrder) March 25, 2025
When staff at a tax office in Ogden, Utah, arrived at work a few weeks ago to find dozens of their colleagues had been dismissed by Elon Musk’s cost-cutting task force, they swiftly appealed to their Republican congressman. They hoped that Blake Moore, whose district office is in the same building as the Internal Revenue …
(Reuters) -Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on Tuesday. The reduction of 2% to 3% of the company’s workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity. Morgan Stanley had more …
Amazon is about to make a significant move—cutting roughly 14,000 managerial positions in a bid to streamline operations and increase profits. The company’s plan is clear: reduce the high costs associated with its management team, with salaries ranging from $200,000 to $350,000 annually. By cutting down the number of managers and simplifying its structure, Amazon …
Joe Biden’s Final Jobs Report is a disaster. Every single month of 2024 was revised down and Philly Fed says that there are at least 800,000 fake jobs still to be removed. 70% of all jobs created were government related under the “Welfare Industrial Complex”. All of this was paid for by your tax dollars. …
by confoundedinterest17 Biden is out and so are the crazy job preferences of his administration (e.g., green energy). There is a new sheriff in town (Donald Trump). Here’s what the BLS reported in Trump’s first official jobs report since he returned to the White House: total payrolls printed at 143K. down sharply from an upward revised …
by Mike Shedlock Amazon says no to UPS. Costs are too high. Union Reality Bites The Wall Street Journal comments Reality Bites UPS and the Teamsters Two years ago Teamsters boss Sean O’Brien touted a “historic” labor agreement with United Parcel Service. Now comes the rest of the story, and it isn’t pretty. UPS shares plunged …
Staffing Was ‘Not Normal’ at Reagan Airport Tower, According to F.A.A. Report The report, reviewed by The New York Times, said that one controller was communicating with both helicopters and planes. Those jobs are typically assigned to two people, not one. Staffing at the air traffic control tower at Ronald Reagan National Airport was “not …
Checks out https://t.co/cDCK2IBkaL — Elon Musk (@elonmusk) January 29, 2025
“The closure will eliminate 1,700 permanent jobs and 250 temporary ones. It comes after workers at an Amazon warehouse in the Montreal suburb of Laval, Que. managed to unionize in May. Amazon dismissed the suggestion that the closures are linked to a unionization push in the province and has said it’s about delivering efficient and …
Yet another hundred stores closing mean that thousands of more people will be out of a job over the next few months as all these locations close. And this is all happening when many companies are tightening up their belt and not hiring anyone due to the gloomy economic outlook. How bad will this economy …
by confoundedinterest17 The latest jobs report was like the Cornell Hurd song, “It’s just the whiskey talking.” Except that this time it’s just the Biden Administration talking … and their jobs reports have been corrected/revised repeatedly. The latest jobs report saw Nonfarm Payrolls rise by 256k and mortgage rates (conforming) rose above 7%. But what happens when …
by confoundedinterest17 Time to take a break from the Gavin Newsom/Karen Bass LA fire fiasco. And refocus on the Biden/Harris employment fiasco. After a year of ‘robust’ job growth private payrolls were subsequently revised by nearly 1 MILLION for April 2023 – March 2024. The most recent data points to additional huge revisions in Q2 …
ECON DATA: JOBS As the headline jobs added to the economy gets the attention, the real story is that we are near record highs for Americans working 2 jobs. •Americans working a Full time Job & a part time job near record highs. ECON DATA: JOBS As the headline jobs added to the economy gets …
Check out code and demo herehttps://t.co/STCbZHGm9V pic.twitter.com/6vYztvUkAe — el.cine (@EHuanglu) January 5, 2025 https://twitter.com/GayBearRes/status/1875980933381444083
1 in 7 workers have already lost their job to AI Agents. • Entire industries are vanishing overnight• Careers built over decades now obsolete• The job market is in chaos Elon Musk says: 'AI is the biggest risk to the future of civilization.' Here's what AI Agents are &… pic.twitter.com/OlkyWlpFme — Julian Ross 🌞 (@Julian_Rosswag_) …
Private jobs are in full economic collapse already https://t.co/Id684m0Ubw — Darth Powell (@VladTheInflator) December 30, 2024 Way overstretched. The correction is going to be historic. https://t.co/bTDpnWMbqN — Uncle Milty’s Ghost (@his_eminence_j) December 31, 2024 Every time corporate insider buying reaches elevated levels, it has often coincided with stock market bottoms Right now, corporate insider buying …
