Another Lousy Job Market Indicator: WARNs Are Soaring… And Challenger-Grey Announced That March Saw Most Job Cuts Since January 2023

Confounded Interest ^ | 04/05/2024 | Anthony B. Sanders

[Kaiser8408a]

Bidenomics was born under a bad sign. Or born under large corporate donor payoffs.

In the real world labor market, 2024 has been a deluge of layoffs of the US economy…

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 16. Levi’s: 15% of workforce 17. Xerox: 15% of workforce 18. Qualtrics: 14% of workforce 19. Wayfair: 13% of workforce 20. Duolingo: 10% of workforce 21. Rivian: 10% of workforce 22. Washington Post: 10% of workforce 23. Snap: 10% of workforce 24. eBay: 9% of workforce 25. Sony Interactive: 8% of workforce 26. Expedia: 8% of workforce 27. Business Insider: 8% of workforce 28. Instacart: 7% of workforce 29. Paypal: 7% of workforce 30. Okta: 7% of workforce 31. Charles Schwab: 6% of workforce 32. Docusign: 6% of workforce 33. Riskified: 6% of workforce 34. EA: 5% of workforce 35. Motional: 5% of workforce 36. Mozilla: 5% of workforce 37. Vacasa: 5% of workforce 38. CISCO: 5% of workforce 39. UPS: 2% of workforce 40. Nike: 2% of workforce 41. Blackrock: 3% of workforce 42. Paramount: 3% of workforce 43. Citigroup: 20,000 employees 44. ThyssenKrupp: 5,000 employees 45. Best Buy: 3,500 employees 46. Barry Callebaut: 2,500 employees 47. Outback Steakhouse: 1,000 48. Northrop Grumman: 1,000 employees 49. Pixar: 1,300 employees 50. Perrigo: 500 employees

But, according to the government-supplied data…

[montag813]

Much of these layoffs are AI-related.

[campaignPete R-CT]

Worker Adjustment and Retraining Notification (WARN) Act helps ensure advance notice in cases of qualified plant closings and mass layoffs.

[RoosterRedux]

That possible, but I think some of the layoffs are due to things like bankruptcy and slow business.

[PTBAA]

Good news, they can all move to California and get $20 minimum wage jobs! / s

[RoosterRedux]

I wonder how many of these layoffs are DEI related? There’s a lot of restructuring going on.

[mewzilla]

Not in NYS, they aren’t...

https://dol.ny.gov/warn-notices

But they are ALL Deep State related.

[mewzilla]

DEI, Deep State hiking costs for human labor, crime, taxes, inflation, impoverished customer base, soaring energy costs, supply issues and higher costs...

Like I said: Every single, sodding one is Deep State related.

[Sirius Lee]

"C'mon man! If you don't appreciate that I gave you the world's best economy then you ain't black."

[RoosterRedux]

Yep. The Deep State and the Dems are behind it all.