Quote:There was always a strong suspicion the woke corporations were holding back negative employment intentions until after the midterm elections.
Well, as expected, the U.S. multinationals are starting to announce advanced downsizing.
(CNBC) – Tens of thousands of tech workers have been laid off within days, as tech giants including Meta, Twitter, Salesforce and others shed headcount going into the final stretch of the year. At least 20,300 U.S. tech workers were let go from their jobs in November, and more than 100,000 since the beginning of the year, according to Layoffs.fyi, which tracks layoffs in the field.
Tech workers reported huge drops in confidence in their job security through the summer, as news of layoffs, hiring freezes and rescinded offers put a damper on what’s so far been a worker-driven Covid pandemic recovery.
But the latest headlines are all converging at once as businesses course-correct on over-hiring and acknowledge how rising interest rates are thwarting their growth plans, says ZipRecruiter chief economist Julia Pollak. (more)
Nov 11 (Reuters) – Walt Disney Co (DIS.N) is planning to freeze hiring and cut some jobs as it strives to move the Disney+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday.
Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying the company is instituting a targeted hiring freeze and anticipates “some small staff reductions” as it looks to manage costs. (read more)
As noted by Yahoo News, a “wave of layoffs” has begun that encompasses dozens of medium and large corporations [SEE HERE].
The layoffs, outlined in Yahoo, cover real estate, tech companies, banking, finance, automakers, EV startups, and brick and mortar stores like 7-11 and GAP. It should not come as a surprise, but it is sad to see, nonetheless.
Within the economy, a great pretending can only last so long… then reality hits.
The skilled trades should likely end up in the best employment situation, with the tech sector the worst. Service industries are also one of the first sectors hit when employment becomes an issue.
With rising interest rates, high inflation, excessive inventories, a shrinking production economy, extreme energy costs and diminished disposable income as a result of inflation and gas prices, there was going to come a time when it all starts to congregate. 2023 looks to be the year when economic pretenses collapse under the weight of having to admit a recession exists.
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How can people be dumb enough to fall for this crap. That’s the question.
Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
(11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know. They just waited until after the election. The bottom will fall out now. The suckers will forget till 2024.
All right wing propaganda Left Wing Tom has posted articles of job growth and an economy on the rebound. Heck, his last thread told us inflation had been tamed. So, why would there be a need for layoffs? Are you telling me LWT is a bevy of misinformation?
(11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
(11-12-2022 09:27 PM)Bronco14 Wrote: [ -> ] (11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
Yes but how much is due to the government and how much is just plain bad business decisions?
(11-13-2022 12:43 AM)Mr_XcentricK Wrote: [ -> ] (11-12-2022 09:27 PM)Bronco14 Wrote: [ -> ] (11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
Yes but how much is due to the government and how much is just plain bad business decisions?
That’s a Chicken and egg question there hoss….
So maybe we should limit the overall power and influence of these mega corporations!!! Sounds great comrade!
And the Administration even went as far as setting up a website for student loan recipients to apply to have their loans paid off. That will be a "Bad URL" soon. It's dead suckers.
(11-13-2022 11:39 AM)Eagleaidaholic Wrote: [ -> ]And the Administration even went as far as setting up a website for student loan recipients to apply to have their loans paid off. That will be a "Bad URL" soon. It's dead suckers.
done
lulz
#Suckers
https://studentaid.gov/debt-relief/application
Any negative consequence of not rebuking the current administration is totally warranted at this juncture.
(11-13-2022 01:40 PM)UofMstateU Wrote: [ -> ] (11-13-2022 11:39 AM)Eagleaidaholic Wrote: [ -> ]And the Administration even went as far as setting up a website for student loan recipients to apply to have their loans paid off. That will be a "Bad URL" soon. It's dead suckers.
done
lulz
#Suckers
https://studentaid.gov/debt-relief/application
So the GOP stopping that is going to convince those that voted for Dems because of that to vote for the GOP for what reason exactly?
(11-13-2022 01:54 PM)b0ndsj0ns Wrote: [ -> ] (11-13-2022 01:40 PM)UofMstateU Wrote: [ -> ] (11-13-2022 11:39 AM)Eagleaidaholic Wrote: [ -> ]And the Administration even went as far as setting up a website for student loan recipients to apply to have their loans paid off. That will be a "Bad URL" soon. It's dead suckers.
done
lulz
#Suckers
https://studentaid.gov/debt-relief/application
So the GOP stopping that is going to convince those that voted for Dems because of that to vote for the GOP for what reason exactly?
Its not the GOP. Biden Administration was told it was unconstitutional before they still went ahead with it to sucker people into voting for them.
It is unconstitutional and the SC will shoot it down if it ever makes it up there.
(11-13-2022 12:43 AM)Mr_XcentricK Wrote: [ -> ] (11-12-2022 09:27 PM)Bronco14 Wrote: [ -> ] (11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
Yes but how much is due to the government and how much is just plain bad business decisions?
You’re talking about layoffs. The thread is about the timing of the announcements of the layoffs in relation to the elections.
(11-13-2022 07:09 PM)Todor Wrote: [ -> ] (11-13-2022 12:43 AM)Mr_XcentricK Wrote: [ -> ] (11-12-2022 09:27 PM)Bronco14 Wrote: [ -> ] (11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
Yes but how much is due to the government and how much is just plain bad business decisions?
You’re talking about layoffs. The thread is about the timing of the announcements of the layoffs in relation to the elections.
And what is your point? I work in tech and there are layoffs every year. EVERY year.
(11-13-2022 08:00 AM)Eldonabe Wrote: [ -> ] (11-13-2022 12:43 AM)Mr_XcentricK Wrote: [ -> ] (11-12-2022 09:27 PM)Bronco14 Wrote: [ -> ] (11-12-2022 04:46 PM)Mr_XcentricK Wrote: [ -> ]Those layoffs are/were going to happen no matter the outcome of the elections. Using Twitter as an example shows how stupid the argument is.
We know that. The point is the economy is not as strong as y'all on the Left keep telling us.
Yes but how much is due to the government and how much is just plain bad business decisions?
That’s a Chicken and egg question there hoss….
No. The companies are run by civilians. The government did not force Zuckerberg to bet on the Metaverse. No one forced Musk to overpay for Twitter. Free market means free market.