Meta Firing Thousands of Workers As Bay Area Layoffs WORSEN
https://www.youtube.com/watch?v=wf9UsVRGHTE
layoffs,
10,000 layoffs and more to come (Cargill, Tyson, and John Deere). The unemployment level is now higher than when the Fed cut rates (September).
The unemployment level is now higher than where it was when the Fed cut rates (September). pic.twitter.com/epNpEKuaSt — Don Johnson (@DonMiami3) December 9, 2024
Job postings in California are falling. The number of job losers is still increasing in California, and layoffs are not done
https://twitter.com/j77324/status/1862930052746215812 The number of job losers is still increasing in California, and layoffs are not done pic.twitter.com/OybmW7tQaE — WarnTracker 2.0 (@j77324) November 30, 2024
TROUBLES: AP to Cut 8% of Staff in Layoffs, Buyouts… 20% get news from influencers?
Associated Press to Cut 8% of Staff in Layoffs, Buyouts Less than half of those affected are in the newsroom The Associated Press is cutting 8% of its workforce, with some staffers offered voluntary buyouts as cuts in media hit the longstanding news agency. Less than half of the staff reductions are impacting the news …
Auto parts retailer warns: 2021 recovery was an illusion, layoffs and closures follow.
Another retailer finds out the 2021 “recovery” was mostly an illusion. Prices may have soared and revenues looking good, it didn’t last because it couldn’t. As the company closes hundreds of stores and prepares to lay off an unknown number of workers, more stats show this is no isolated case. The cycle continues and continues …
LOL! Chris Wallace Lied About Leaving CNN to “Pursue Podcasts”, Turns Out He Was Actually the First Victim of the Network’s Mass Layoffs
CNN anchor Chris Wallace was the first network star given the boot as the channel faces a staffing bloodbath in the face of cratering ratings. Puck News reported that Wallace, who was paid $7 million a year, was told his two shows on the network were being axed by CEO Mark Thompson. He was told …
Job cuts surge in October: strikes, layoffs, small business closures up sharply; DISASTROUS jobs report – Only 12K jobs added; last two months revised down by 112K.
Job cuts accelerate in October with strikes, mass furloughs, layoffs, & small business closures at elevated levels. Over 109,000 cuts per our preliminary figure. Final figure available on Sunday, as always. #MacroEdge #DrivenbyData pic.twitter.com/9cPnR1qDr9 — MacroEdge (@MacroEdgeRes) October 31, 2024 *US BLS: OCT. TRANSPORT EQUIP. JOBS FALL 44K, REFLECTING STRIKE *US BLS:HURRICANES LIKELY AFFECTED OCT. …
U.S. GDP growth misses forecast, layoffs surge in September
I work for an oil and fuel distributor and things have been slowing down rapidly with all industries we serve — Oliver Cromwell (@__Wait_for_it_) October 30, 2024 BREAKING: US layoffs jumped by 160,000 in September, to 1.83 million, the second-highest in 4 years. pic.twitter.com/V0BrIOnFzo — Win Smart, CFA (@WinfieldSmart) October 30, 2024 Sources U.S. Bureau …
Germany in SHOCK as its Biggest Automaker Layoffs Thousands, Closes 3 Plants & Cuts Pay
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%, according to the company’s union. The deeper-than-expected cuts come as the company faces weak sales …
Meta layoffs are the latest sign that constant job cuts are the new Big Tech normal
Welfle wrote earlier this month that he was laid off from Microsoft after only nine months. He’d previously spent nine months at Cruise before being laid off. His dual layoffs might have been worse than what many others experienced, but Welfle is hardly alone in getting hit by what appears to be some employers’ penchant …
Fast Food Chain Layoffs Begin Causing Thousands To LOSE THEIR JOBS!
The fast food industry is currently undergoing a major shift that is causing many layoffs for crew members and managers across the country. Many workers are losing their jobs as corporations try to cut costs, streamline operations, and adjust to changing consumer habits. This is happening across all sorts of fast food chains, including burger …
Pfizer plant lays off 80 people, other layoffs being seen
The Pfizer plant in McPherson laid off 80 people, KSN News confirmed on Thursday. Those impacted included professional/salaried employees, and production was not impacted.
After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs.
“The corporate cure is always the same—lay off workers,” said one critic. “Stock buybacks and layoffs are joined at the hip. It’s time they were outlawed entirely.” The manufacturing giant Boeing, under the leadership of new CEO Kelly Ortberg, announced Friday that it will axe roughly 10% of its total workforce in the coming months, …
“We are in a recession already,” Jeffery Gundlach has said, per BI. “I see an awful lot of layoffs announcement.”
Jeffery Gundlach, a well-known investor, has indeed expressed concerns about the U.S. economy. He mentioned that the Federal Reserve’s rate cuts are arriving too late and that the mounting job losses indicate the U.S. economy is already in a recession. 45% of America has been in a recession for some time. When you can't afford …
California’s film industry crisis worsens, production drops, layoffs surge, and tax credit hopes dim.
California’s film and TV industry is facing a major crisis in 2024, with production levels plummeting. Series production dropped by 30% in the first quarter of 2024 compared to 2022, and on-location filming for reality TV in Los Angeles fell by nearly 57% in the second quarter. The industry, already hit hard by the pandemic …
30 THOUSAND Boeing Workers Go Out On Strike! Boeing Announces Temporary Layoffs
Aircraft assembly workers walked off the job early Friday at Boeing factories in Washington, Oregon and California after union members voted overwhelmingly to reject a tentative contract that would have increased wages by 25% over four years. The strike by 33,000 machinists was expected to halt the manufacture of Boeing’s best-selling airliners, and is yet …
George Gammon: Prepare for layoffs to skyrocket
The best quote I've heard today, "Asking the government for inflation and employment statistics is like asking the mafia for crime statistics." – Peter Schiff — Philip 'Theophil' Malbrough (@CajunSoveriegn) September 8, 2024 It's how they announce a recession, exactly like what happened in 2008. pic.twitter.com/lLMK4mF99f — HengYang Low (@MrHengYang) September 8, 2024
Employers reduce hours and shift to part-time, avoiding layoffs as the economy slows.
Robert Frick, an economist at Navy Federal Credit Union, mentioned that while employers may not be laying off many workers, they are indeed cutting back through other methods such as reducing hours and shifting workers to part-time as the economy slows. Labor costs have long been a significant issue for employers.They will continue to try …
Layoffs Jump To Highest Levels Since 2009. Mass layoffs hit tech industry
Layoffs continue to grow in the tech industry Tech companies continued to cut jobs at a rapid pace in August 2024. More than 27,000 workers in the industry lost their jobs as over 40 companies, including big names like Intel, IBM, and Cisco, as well as numerous smaller startups, announced layoffs. To date, more than …
MASSIVE Layoffs Are Causing Families To Panic Now!
https://www.youtube.com/watch?v=W8d78LXhFEw As 2024 slowly draws to a close, rumors of mass layoffs are growing louder and causing widespread concern. Families already struggling with life’s daily challenges are now confronted with the destabilizing prospect of a financial crisis. The effects of losing a job are not limited to the individual alone; they creep through homes, relationships, …
Around 3000 layoffs a day. 96,585 job cuts this month, so far.
Arount 3000 layoffs a day, still the silent story from MSM https://t.co/t2E7Zrznty — axcilla (@axcilla) August 28, 2024 According to various reports, there have been significant layoffs across multiple industries, contributing to high daily averages.
Finance and insurance face layoffs for the first time this summer
Manufacturing and retail jobs can ebb and flow based on demand flows. What about finance and insurance? First time all summer, possibly all year, these industries were called out as sources of layoffs. pic.twitter.com/yadNgeURB3 — Neely (@NeelyTamminga) August 1, 2024
Job Market Approaching “DANGER ZONE” TOO MANY LAYOFFS
There are 2 big factors that will likely lead this current economy into recession. The commercial real estate nightmare and the rate at which unemployment continues to grow. If people don’t have jobs, they cant pay their bills, which is something we are already seeing with all sorts of consumer delinquencies on the rise.
More layoffs at freight-related firms: 607 workers cut across 4 states
Menzies Aviation, DHL, RXO, Cygnus Home Service, Pitney Bowes announce job cuts Layoffs continue across the commercial transportation and freight industry, according to a new round of worker reduction notices in Florida, Texas, Illinois and Wisconsin. It is the second round of layoffs since the beginning of July. Averitt Express, Bath & Body Works Logistics …
Half a Million Tech Layoffs,, as AI replaces code writers for nothing.
Um anybody care to comment on why these geniuses who programmed AI didn’t see this one coming?? AC
Woke media COLLAPSES: CNN does MASSIVE LAYOFFS and Daily Beast loses MILLIONS!
CNN fires 100 staffers from their “Race and Equality” reporting team. Follow: @AFpost pic.twitter.com/bU0RJzGZju — AF Post (@AFpost) July 13, 2024 CNN Worldwide CEO Mark Thompson unveiled more details of a “one newsroom” strategy to merge linear and digital newsgathering, while he announced that about 100 employees would be impacted by staff reductions. CNN’s disgraced …
Unusual to get such a large monthly ‘construction’ layoffs data point
Unusual to get such a large monthly ‘construction’ layoffs data point Way too soon to extrapolate. BUT a second similar month at this level would be troubling (especially when many other labour market indicators are so soft!) pic.twitter.com/YjoDKkKLWc — Longview Economics (@Lvieweconomics) July 8, 2024 Normal cycles do include prices going down in all markets, …