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A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Carvana to Wells Fargo
Business Insider ^
| 5/11/22
| Ben Gilbert and Avery Hartmans
Posted on 05/12/2022 9:27:47 AM PDT by Roman_War_Criminal
Layoffs are sweeping across American businesses in the first few months of 2022.
Recent startups like Peloton have already laid off thousands of employees this year. Even traditionally layoff-resistant companies like Netflix are making cuts. Now, online car dealer Carvana plans to slash 12% of its workforce.
The reason, broadly, is twofold: Business growth is slowing, while labor costs are increasing. The combination is causing American companies across a variety of industries to slash headcount.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: depression; economy; jobs; layoffs; recession
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To: Roman_War_Criminal
The laws of supply and demand still hold true.
2
posted on
05/12/2022 9:29:43 AM PDT
by
datura
(Eventually, the Lord and the Truth will win.)
To: Roman_War_Criminal
3
posted on
05/12/2022 9:29:52 AM PDT
by
BradtotheBone
(When I die I want the GOP to be my Pallbearers, so they can let me down one last time.)
To: Roman_War_Criminal
Carvana - LOL
Its like 2000 and the .com bubble all over again.
4
posted on
05/12/2022 9:30:42 AM PDT
by
PGR88
To: Roman_War_Criminal
My brother in law just got the boot from Ford. He’s a mechanical engineer.
5
posted on
05/12/2022 9:32:24 AM PDT
by
cyclotic
(I won't give up my FREEDOM for your FEAR. Oh Canada, we stand on guard for thee.)
To: BradtotheBone
The sticker printing business ought to be reaching all-time highs.
Are there any pure stock plays???
6
posted on
05/12/2022 9:32:31 AM PDT
by
Oscar in Batangas
(An Honors Graduate from the Don Rickles School of Personal Verbal Intercourse)
To: Roman_War_Criminal
Layoffs? So what? Can’t get Americans to take jobs, just doing them a favor. /s (I think)
7
posted on
05/12/2022 9:34:14 AM PDT
by
brownsfan
(It's going to take real, serious, hard times to wake the American public.)
To: datura
The laws of supply and demand still hold true.
Not true for everything.
We get a lot more BS from the White House and democrats, each and every day, and the American people are not buying any of it. The more people hate the BS, the more we get of it.
8
posted on
05/12/2022 9:34:45 AM PDT
by
adorno
To: Oscar in Batangas
There should be an ‘I did That’ sticker inserted in each and every lay-off notice, for starters
9
posted on
05/12/2022 9:34:47 AM PDT
by
Oscar in Batangas
(An Honors Graduate from the Don Rickles School of Personal Verbal Intercourse)
To: Roman_War_Criminal
Are they being replaced with illegals or trannies or transexual illegals?
10
posted on
05/12/2022 9:34:59 AM PDT
by
Leep
(Don't say God.)
To: cyclotic
Sorry to hear that.
I remember applying to car manufacturers fresh out of engineering school. I was always aware that employment with them is a tenuous thing.
‘Pod.
11
posted on
05/12/2022 9:35:55 AM PDT
by
sauropod
("We put all our politicians in prison as soon as they are elected. Don’t you?" Why? "It saves time.”)
To: Roman_War_Criminal
Recent startups like Peloton have already laid off thousands of employees this year. Even traditionally layoff-resistant companies like Netflix are making cuts. The dichomity of the radical left dems.
Peloton has been fat shamed by the left.
Netflix has lost their audience by programming to the radical left, and giving the middle finger to normal people.
12
posted on
05/12/2022 9:36:07 AM PDT
by
DallasBiff
(Lautenberg The Forefather of "The Nanny State!")
To: PGR88
My friends we have to ask ourselves if this is planned timing. The stock market doesn’t care who’s in the WH.
Then there’s the $30 trillion debt with the same amount sitting in our nest eggs. November’s coming up with no effect of who’s will be in the WH afterwards.
To: Roman_War_Criminal
Even traditionally layoff-resistant companies like Netflix are making cuts. Netflix is probably the one company whose layoff's can't be blamed on Biden's economic mess. Neflix has been churning out political garbage and pornographic filth for a couple years now and the chickens are coming home to roost.
14
posted on
05/12/2022 9:37:24 AM PDT
by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: Roman_War_Criminal
Inflation defined easily: Too many dollars chasing too few goods.
15
posted on
05/12/2022 9:38:26 AM PDT
by
Born in 1950
(Anti left, nothing else.)
To: brownsfan
I’m sure prisons will be being built in bulk across the country soon for those who default or can’t pay their bills.
Slavery may even be a thing again too for farm work to feed the elites.
16
posted on
05/12/2022 9:39:46 AM PDT
by
Roman_War_Criminal
(Jesus + Something = Nothing ; Jesus + Nothing = Everything )
To: Roman_War_Criminal
Nobody saw that coming, nope, uh uh, nobody.
17
posted on
05/12/2022 9:40:16 AM PDT
by
VTenigma
(Conspiracy theory is the new "spoiler alert")
To: Roman_War_Criminal
After reading the article it seems that they are mostly businesses that expanded during the plandemic and are now having to adjust to normalcy.
18
posted on
05/12/2022 9:43:09 AM PDT
by
Crusher138
("Then conquer we must, for our cause it is just")
To: Roman_War_Criminal
A lot of companies are actually assemblers of other OEM parts, and without those parts in total coming in, there is nothing to sell.
To: DIRTYSECRET
The stock market doesn’t care who’s in the WH.Are you kidding? Everything is ESG these days.
20
posted on
05/12/2022 9:44:03 AM PDT
by
03A3
(If we can defund the police, we sure as hell can defund the FBI)
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