[CFW]

For information purposes:

https://www.zerohedge.com/personal-finance/wtf-going-jobless-claims-data

“WTF Is Going On With The Jobless Claims Data...”

Article at link has long list of lay-offs, below is just the first 15.

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“In the real world labor market, 2024 has been a sh*tshow of layoffs...”

1. Everybuddy: 100% of workforce
2. Wisense: 100% of workforce
3. CodeSee: 100% of workforce
4. Twig: 100% of workforce
5. Twitch: 35% of workforce
6. Roomba: 31% of workforce
7. Bumble: 30% of workforce
8. Farfetch: 25% of workforce
9. Away: 25% of workforce
10. Hasbro: 20% of workforce
11. LA Times: 20% of workforce
12. Wint Wealth: 20% of workforce
13. Finder: 17% of workforce
14. Spotify: 17% of workforce
15. Buzzfeed: 16% of workforce

.........

[Eccl 10:2]

Paradoxically, layoffs and unemployment are often *good* for stocks. Costs get cut, earnings go up, and chances of Fed hikes go down.