Posted on 08/25/2022 8:00:40 PM PDT by Roman_War_Criminal
If half of the firms in the entire country really do cut jobs over the next year, what will our economy look like afterwards? All over America, companies are anticipating that a major economic downturn is coming in 2023, and a lot of them are already planning to shed workers in order to cut costs. Of course this sounds so much like what we went through back in 2008 and 2009. Millions of Americans lost their jobs during the “Great Recession”, and it was truly a very dark time in our history. So are we right on the verge of seeing a repeat?
Let hope that isn’t the case.
Unfortunately, a brand new survey that was just released has discovered that 50 percent of all U.S. companies plan to eliminate jobs within the next 12 months. The following comes from CNBC…
Meanwhile, 50% of firms are anticipating a reduction in overall headcount, while 52% foresee instituting a hiring freeze and 44% rescinding job offers, according to a PwC survey of 722 U.S. executives fielded in early August.
These are executives’ expectations for the next six months to a year, and therefore may evolve, according to Bhushan Sethi, co-head of PwC’s global people and organization group.
(Excerpt) Read more at theeconomiccollapseblog.com ...
Steiner’s economic plan will save us all.
The consequences of having a brain dead President.
The stat wouldn’t seem so apocalyptic if the jobs eliminated were diversity, equity, and inclusion advisers, ESG councillors, anti-racist trainers, etc.
unemployment going up is a lagging economic indicator.
I sure hope it is not as bad as 2008. Some are saying it will make 2008 look like good times.
This is why we need to vote these Democrats out in November, regardless of how they feel about a “red trickle” according to the MSM. They’re running their campaign on “abortion” and they think they’ll win again on this dullard issue where there’s so many more issues out there! They really piss me off, and I’ll be livid if they win on that solo issue.
We can’t hire fast enough.
No Problem, just identify as an illegal alien. You get free phone, medical, education, food, housing and so much more.
A poster after my soul!
If we could eliminate those brain dead and useless morons in Diversity, Equity, ESG, and Anti-Racists?
The world would be much more efficient and less abrasive.
1. I don’t think we need or can support that many coders.
2. Biden will just print more free money.
3. More places will experience flash mob crime.
4. More bots and social schills/influencers will tell us how FANTASTIC life is her in Amerikuh.
See! See! Capitalism is Eeevillllll!
They will win because the Republicans never did anything to bring back election integrity.
“Fegelein!’’
Preppers ping. Is everyone ready for the collapse?
What industry?
I am a bookkeeper for a construction company and we are also booming.
Most are postponing layoffs until after the elections.
Looks like those “help wanted” signs that adorn the entrances of many shops and eateries out here will soon vanish.
The Layoff Tsunami Has Begun: Bread lines to open soon
building back better for you.
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