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

[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.

[datura]

The laws of supply and demand still hold true.

[BradtotheBone]

[PGR88]

Carvana - LOL

Its like 2000 and the .com bubble all over again.

[cyclotic]

My brother in law just got the boot from Ford. He’s a mechanical engineer.

[Oscar in Batangas]

The sticker printing business ought to be reaching all-time highs.
Are there any pure stock plays???

[brownsfan]

Layoffs? So what? Can’t get Americans to take jobs, just doing them a favor. /s (I think)

[adorno]

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.

[Oscar in Batangas]

There should be an ‘I did That’ sticker inserted in each and every lay-off notice, for starters

[Leep]

Are they being replaced with illegals or trannies or transexual illegals?

[sauropod]

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.

[DallasBiff]

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.

[DIRTYSECRET]

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.

[Opinionated Blowhard]

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.

[Born in 1950]

Inflation defined easily: Too many dollars chasing too few goods.

[Roman_War_Criminal]

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.

[VTenigma]

Nobody saw that coming, nope, uh uh, nobody.

[Crusher138]

After reading the article it seems that they are mostly businesses that expanded during the plandemic and are now having to adjust to normalcy.

[jimmygrace]

A lot of companies are actually assemblers of other OEM parts, and without those parts in total coming in, there is nothing to sell.

[03A3]

The stock market doesn’t care who’s in the WH.

Are you kidding? Everything is ESG these days.