Independent thinking for complex markets and current events
First class mail dropped sharply since 2014. Career staff count rose 9 percent in same time. Top five leaders listed make 312k to 341k yearly. Postmaster General Louis DeJoy made 341k. Deputy and chiefs around 312k to 327k. USPS lost billions last year. Volume down one third but headcount up. Executives get high pay while …
Stop looking at the stock market and start looking at the empty job sites. The foundation is gone, and no amount of corporate press releases will build it back. ‘It’s only a matter of national security.’ America Workforce Academy’s mission to fill the workforce gap. Some raw facts from the American Builders and Contractors Association …
Over 134,000 tech workers have been fired in 2026 alone, a pace of destruction that makes the 2008 financial crisis layoffs look conservative by comparison. Companies like Oracle and Meta are leading a scorched-earth restructuring, treating human capital as a disposable line item to offset the massive capital expenditures required for AI infrastructure. This is …
Big tech has used voluntary retirement and buyout programs during prior efficiency cycles and post boom adjustments. Translation: ‘You’re not fired, you’re ‘involuntarily retired’ with a nice package.’ AI doesn’t need pensions. Smart cost-cutting before earnings. Microsoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce Microsoft will offer voluntary buyouts to …
Foreclosure surge sweeps America: 118,000 homes at risk as families buckle under financial strain A fresh wave of foreclosures is sweeping across the United States, with more than 118,000 homes caught up in the crisis in just the first three months of 2026. It is a grim omen – with echoes of the run up …
🚨BREAKING: Great news ,the BBC has been forced to let go of more than 2,000 employees (10% of total workforce) as they face SIGNIFICANT financial constraints This comes after millions of Brits boycotted the far-left propaganda machine. The collapse of the BBC is imminent!… pic.twitter.com/tEJ5L3WscH — Knights Templar International (@KnightsTempOrg) April 15, 2026 BREAKING: The …
More pain for the Bay Area tech sector as another company announces layoffs — this time a staggering 23% of the workforce. The San Mateo action-based camera maker GoPro will let nearly a quarter of its workforce around the world go by the second quarter of 2026, according to a filing with the Securities and …
Meta reportedly considering layoffs that could affect 20% of the company Meta is considering major layoffs that could affect 20% or more of the company’s workforce, according to Reuters. These layoffs could help the Facebook parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring. Meta employed nearly 79,000 …
Morgan Stanley is slashing about 3% of its global workforce — roughly 2,500 jobs — across its key divisions, as the Wall Street giant realigns priorities amid a banner year for profits, sources familiar with the matter have told The Post. The cuts hit the Ted Pick-led lender’s investment banking, trading, and wealth management units, …
Mark Cuban is right: Software is dead. There are 33 million companies in the US.99% of them have zero clue how to use AI. They don't need a "SaaS" subscription.They need a custom workforce. I’m 25. I’m building that workforce for $50/mo. – OpenClaw (Autonomous)– MiniMax… https://t.co/5ut5MkhVLh pic.twitter.com/CC6DaIcx2I — Ziwen (@ziwenxu_) February 16, 2026
Over 330,000 Federal employees have been fired, resigned, or retired last year and were not replaced. The Federal workforce is now at its lowest level since 1966. pic.twitter.com/cRu6x8XAS4 — Christian Heiens 🏛 (@ChristianHeiens) February 15, 2026 Based on OPM data and analyses, the reduction of ~317,000 federal employees in 2025 yields estimated annual savings of …
via James Hickman In January 2025, the federal government employed about 3 million people. By November, that number had fallen by roughly 270,000 workers — a reduction of about 9%. According to the Cato Institute, that was the largest peacetime federal workforce reduction EVER. More than 150,000 employees took the “Fork in the Road” buyout …
Amazon is planning a second round of job cuts next week as part of its broader goal of trimming about 30,000 corporate workers, according to two people familiar with the matter. The company in October cut about 14,000 white-collar jobs, about half of the 30,000 target first reported by Reuters. The total this time is …
Over 70% of Americans are now living below the poverty line, according to Mike Green. If you make under $140,000 a year, you're living in poverty if we measure it the same way we did in the 1960s. byu/TonyLiberty inFluentInFinance $140,000 Poverty LineViewers had lots to say about Mike Green's "real" poverty line. I will …
Authored by Mike Shedlock via mishtalk, The job cut hit parade line just got 15,000 more members. Verizon Looks to Slash Expenses The Wall Street Journal reports Verizon to Cut About 15,000 Jobs Verizon Communications VZ is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for both wireless …
Next week, Verizon is set to lay off about 15,000 employees which is roughly 15% of its workforce, marking the largest job cuts in the wireless carrier’s history as part of its ongoing restructuring. pic.twitter.com/fF4xey2NbH — Breaking911 (@Breaking911) November 13, 2025 Verizon is planning to cut about 15,000 jobs in the telecommunications company’s largest-ever layoffs …
So much for putting Americans first if every high-pay job gets outsourced through a visa loophole. 🚨I PRESSED President Trump on H-1B visas.🚨 “If you want to RAISE WAGES for Americans, you can’t flood the country with THOUSANDS of foreign workers.”@POTUS: “You have to bring in talent… You can’t take people off the unemployment line …
The American workforce is wobbling on the edge of a precipice yet Washington’s bickering shows no signs of slowing. In September the country lost 32,000 jobs a number that is only the visible tip of a larger unraveling. The figures are not just statistics they are people struggling to pay rent put food on the …
More than 150,000 federal employees are leaving this week after taking buyouts, part of Trump’s plan to slim down government. The cuts hit everywhere from NASA to the CDC – unions call it a “brain drain” as agencies lose veteran engineers, scientists, and health experts with no replacements lined up. The Weather Service lost forecasters, …
They say the economy’s fine. That’s the first lie. You walk through any town that used to have factories, used to have warehouses, used to have jobs, and you don’t see recovery. You see silence. Long-term unemployment just hit a post-pandemic high. That means people aren’t just out of work. They’ve been out for half …
Keith Rabois, Opendoor’s new chairman, said the company he co-founded needs to slash its workforce as much as 85% to fix its cost structure. Rabois returned to Opendoor this week, when the company named former Shopify executive Kaz Nejatian as its new CEO. “There’s 1,400 employees at Opendoor. I don’t know what most of them …
Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs. A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. …
Billions in chip projects scrapped in Europe. INTEL TO LAY OFF 15% OF WORKERS, CANCEL BILLIONS IN PROJECTS IN BID FOR REBOUND-WSJ — First Squawk (@FirstSquawk) July 25, 2025 INTEL EMPLOYEE COUNT BY YEAR 2022: 131,9002023: 124,8002024: 108,9002025: 75,000 INTEL HAS LAID OFF NEARLY 45% OF ITS WORKFORCE OVER THE LAST 4 YEARS$INTC https://t.co/pjYvT9mYxf — …
Diversity and inclusion, but only if it comes with a lower payroll. Funny how “global competitiveness” always seems to mean fewer jobs at home and more offshore contracts. Australians didn’t lose their jobs to automation. They lost them to cheaper labor with better margins. NEW – Australia's richest and biggest bank accused of replacing Australian …
Forced attrition replaces pink slips… Yep. Already know of someone in the DFW suburbs who is moving back to Seattle bc of this — Amy Nixon (@texasrunnerDFW) June 25, 2025 The company is not issuing mass emails. Instead, the message is being delivered through one-on-one meetings and internal town halls. Some employees have speculated that …
Whirlpool Corp. has announced it is letting go of 651 workers from its manufacturing facility in Amana, effective June 1, in the largest single Iowa layoff since Tyson Foods last spring shut down its 1,200-worker pork plant in Perry. A statement from Whirlpool blamed the layoffs on reduced consumer demand, primarily refrigeration units. “This is …
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 …
Mass layoffs by the Trump administration have left Colorado federal workers, as well as Coloradans who rely on federal programs, in limbo.
PLEASANTON, Calif. – Workday Inc (NASDAQ:WDAY)., a provider of enterprise cloud applications for finance and human resources, has announced a significant reduction in its workforce, amounting to 1,750 jobs or 8.5% of its current workforce. This move is part of a broader restructuring plan designed to refine the company’s investment focus and drive further growth. …
1. The Energy Crisis Germany’s energy woes stem from a combination of geopolitical tensions, policy decisions, and its ambitious green energy transition. For decades, Germany relied heavily on Russian natural gas, a relationship disrupted by the Ukraine conflict and resulting… pic.twitter.com/313gHtP4D1 — Logan Weaver (@LogWeaver) December 31, 2024 The "Energiewende" (energy transition) aimed to make …