A Torrent Of Layoffs! Here Are 16 Large Companies That Have Just Announced Mass Terminations

The Economic Collapse Blog ^ | 4/27/23 | Michael Snyder

[Roman_War_Criminal]

The biggest companies in the United States are giving the axe to hundreds of thousands of workers, but this should not come as a shock to any of us. Officials at the Federal Reserve were warned over and over again that they were going to create an extremely harsh economic environment if they aggressively raised interest rates, and that is exactly what has transpired. We haven’t seen a tsunami of layoffs like this since 2008 and 2009, and the outlook for the months ahead is extremely bleak.

Many of us warned the Fed that it would be mind-numbingly stupid to push interest rates much higher just as we were entering a major economic downturn, but of course the Fed didn’t want to listen.

We were told that they are the “experts” and that they knew precisely what they were doing.

And now a nightmare scenario is playing out right in front of our eyes.

The following are 16 large companies that have just announced mass terminations...

[Roman_War_Criminal]

[fwdude]

Ain’t Biden’s economy grand?

[cdcdawg]

This is all totally normal. Blood has always been dripping from the ceiling. We are drowning in normalcy. Banks are always failing during good times; layoffs mean that the economy is awesome; healthy 12 year olds have always been keeling over with cardiac arrest. I don’t know how much normal we can take. /Sarcasm/

[fwdude]

And I think we’ve just seen the beginnings of the inflation that’s about to hit.

[No name given]

And I’ll bet Gyorgy Schwartz just got richer!

[BigFreakinToad]

Biden, Biden, Biden, Soros, Gates and the antichrist are hard at work

[unixfox]

Please, stop with the winning!

[Red Badger]

#1 Tyson

#2 Lyft

#3 Deloitte

#4 Gap

#5 Ernst & Young

#6 3M

#7 CDW

#8 David’s Bridal

#9 DropBox

#10 Red Hat

#11 Opendoor

#12 First Republic

#13 Walmart

#14 Facebook

#15 Amazon

#16 Disney

[Ultra Sonic 007]

Many of us warned the Fed that it would be mind-numbingly stupid to push interest rates much higher just as we were entering a major economic downturn, but of course the Fed didn’t want to listen

As compared to letting rates remain low, with credit remaining cheap and easy in spite of a continuously inflating money supply?

We are still running under the rate of inflation in terms of interest rates. Since Congress won't get its act together to bring spending under control, the raising of interest rates by the Fed was inevitable.

[glorgau]

Standard corporate musical chairs for those that thought they have “careers”.

[Deaf and Discerning]

"But according to the “official numbers” that the Biden administration gives us, everything is still fine."

It is impossible for the Biden's administration to predict, verify nor promise this.

[Deaf and Discerning]

"But according to the “official numbers” that the Biden administration gives us, everything is still fine."

It is impossible for the Biden's administration to predict, verify nor promise this.

[fwdude]

“Winning” for the left is destroying this once-great Nation.

[Sirius Lee]

Weird that the Mockingbird State Media isn’t reporting on this at all.

[ImJustAnotherOkie]

The first round is always the culling the Fat. It’s the 3rd round on that gets into the meat.

[L,TOWM]

My measure of the economy is in my commutes. In 2008, my Dallas commute was unaffected — 75 south in Colin and Dallas Counties was AWFUL. I moved to Rowlett (east of Dallas) in January of 2022.

Last May, the first Monday of May 2022, it was like somebody flipped a switch on about 20% of my competition to get to downtown Dallas from where I live.

First Monday in April THIS year, same switch got flipped and another 20% of what was left is gone.

My commute is about 15-20 minutes less now than it was last April. I hit stop and go 3 miles from Downtown, not 8.

Bro, Where’s my economy?

[bray]

Thank you Joe Biden’s Train Wreckonomics.

[dfwgator]

I used to take DART to work, before I started working permanently from home.

I took it one day last year and there was literally nobody on it, and it used to be packed when I commuted to the office.

[Trump Girl Kit Cat]

The tech companies had far too much FAT, also they’re over the top working “campuses” which are ridiculous!! Walmart has their on line shopping down to a science they do a better job than Amazon now, I haven’t been to a store shopping in years, the ONLY thing I actually go to a brick and mortar for is groceries everything else is purchased on line!!! I like to pick out my own produce and meats!!

[Big Red Badger]

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