Things are starting to get a little bumpy.


here are some of the hiring layoffs that happened recently(last day or 2)

https://www.linkedin.com/news/story/nashvilles-asurion-lays-off-750-5381276/
https://layoffstracker.com/gemini-layoffs-2nd-round-7-workforce/
https://layoffstracker.com/layoffs-at-vimeo/
https://layoffstracker.com/novartis-lays-off-8-workforce-8000-employees-around-the-globe/
https://www.bloomberg.com/news/arti...o-help-fund-investments-in-evs#xj4y7vzkg
https://layoffstracker.com/asurion-to-layoff-750-employees/
https://layoffstracker.com/invitae-lays-off-40-workforce-1000-employees/
https://layoffstracker.com/olive-ai-lays-off-35-workforce-450-employees/


Google Microsoft Apple and Meta are now holding/slowing.

https://www.linkedin.com/news/story/google-freezes-hiring-for-two-weeks-5916666/
https://www.cnbc.com/2022/07/01/meta-slashes-hiring-plans-girds-for-fierce-headwinds.html
https://finance.yahoo.com/news/apple-joins-fellow-tech-giants-224622345.html
https://www.cnbc.com/2022/07/20/mic...cerns-hit-more-of-the-tech-industry.html


here is another data source.
http://layoffs.fyi/

Any news on how these new chip plants are handling the economy? Still hiring or slowing down?

Some fields I think will see hiring freezers or layoffs.. mainly tech field right now... I know there are some areas that are still pretty wide open and frankly having trouble filling jobs...

With unemployment where it is, the people will not have a problem finding a job.

Build back better has not kicked in gear as of yet.

I can’t find people to hire. Been looking for months.

It's a pain. Hell, a lot of guys don't even show up to be interviewed after they were the ones who picked their preferred interview time. I hired one guy who did one small job and was never to be seen or heard from again........after he stole all the tools I gave him.

My company is still hiring for existing openings, but I don't think we're adding new ones even if we lose someone.
We also just offered up early retirement to everyone over, I think, 58 years of age... hopefully, this takes the place of a round of layoffs and it doesn't get beyond that.
We did the same in '08 before everything imploded; we saw it coming (because we're the trucking industry) and did a smaller layoff beforehand to avoid a larger scale panic layoff in the middle of it.

I work at what is, essentially a giant machine shop. We've never been fully staffed up since the facility opened in 2017 or 2018. We're planning on a massive capacity expansion soon and I'm just hoping we figure out how machines are going to run themselves because there's no way we're going to stumble onto a windfall of experienced machinists.

I guess all those layoffs are a good thing. Y'all been bellyaching for months that nobody wants to work, so there should be plenty of new jobs in low-end service work to fill the void. Guess we'll see how many sit at home doing nothing, "taking handouts" vs. working in jobs that leave them unable to pay the bills. Should be very interesting.

Good share! lol. Yep, and going from tech jobs to MickyD's ain't gonna happen either. Nobody is going to do that unless they are beyond desperate. And the young and old people that do much of that work, they've caught on to the lies about how any job is better than no job. If you are happy where you are, good for you. If you are not, you should actively seek something better.

With the number of open positions out there, it might be the good side of something that feels bad...

Most staffs are over managed by lazy ass people who sit around doing nothing all day. So yeah a lot of fat can be trimmed in upper and middle management everywhere.

https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-4830593/
more happening

Layoffs latest: Companies making cuts

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By Andrew Murfett, Editor at LinkedIn News
Updated 2 hours ago


Announcements of layoffs, hiring freezes and rescinded job offers have roiled the tech industry and startup community for several months. Now companies across multiple sectors are making staff cuts as executives worry about a possible recession and weigh "all manner of adverse near-term effects on their businesses," Puck writes. Despite those mounting signs of economic trouble, CNBC notes that overall employer demand for workers “remains extremely high” and that layoffs are "near historical lows.”

This year's layoffs have ushered in a new trend, reports The Wall Street Journal: announcing a job loss on social media. The reason is twofold — to share about the experience and also to network with recruiters.

Firms that have announced layoffs since the beginning of July include:


Wearable-tech maker Whoop is laying off 15% of its 630-person workforce, while rowing-tech company Hydrow is cutting 35% of its staff. Both companies are based in Boston.
Food tech startup Lunchbox has laid off 33% of its workforce.
7-Eleven has laid off around 880 corporate employees after its $21 billion acquisition of Speedway.
Ford plans to cut as many as 8,000 jobs, mostly in its gas-fueled vehicle division, Bloomberg has said, citing anonymous sources.
Asurion, a Nashville-based global tech services company, laid off 750 employees. It cut about 300 workers in November 2019.
Healthtech firm Olive joined a growing list of Central Ohio companies making layoffs by cutting 450 jobs.
LinkedIn members have posted about being laid off this week, at: online pharmacy Capsule, a New York City-based tech unicorn; Michigan-based internet security platform Censys; Utah-based Traeger Grills; online banker Varo, digital-collaboration startup Mural, AI sales platform People.ai, and hiring platform Workstream, all based in San Francisco.
Other companies making layoffs this month: wireless giant T-Mobile, supply-chain tech platform Project44, Seattle real estate startup Flyhomes, and Near Intelligence Inc.
Three applied behavior analysis (ABA) therapy service providers announced cuts: Forta, 360 Behavioral Health, and Center for Autism & Related Disorders (CARD).
Genetic testing firm Invitae laid off 1,000 employees – 40% of its workforce – and made numerous changes at the executive level.
Video platform Vimeo CEO Anjali Sud announced 6% staff cuts in a LinkedIn post.
OpenSea CEO cites "crypto winter" as NFT giant lays off 20% of staff.
Victoria's Secret laid off about 160 managers as part of a restructuring.
Online mortgage banker loanDepot is laying off about 4,800 employees this year, a 42% cut to its workforce, which numbered 11,300 at the end of 2021.
Tonal, a Peloton competitor in the connected workout equipment field, laid off 35% of its workforce as it eyes an initial public offering.
ChowNow, a delivery and marketing service for restaurants, laid off about 100 workers ear just days after "instant" delivery startup Gopuff cut 1,500 of its global workforce and closed 76 U.S. warehouses. More recently, food-tech startup Lunchbox laid off 60 employees, a third of its workforce.
Virtual events platform Hopin, a tech unicorn valued at $7.75 billion, laid off 29% of employees.
Electric carmaker Rivian said it was cutting "hundreds" after conceding it "grew too fast."
Food-tech companies Sunday and Nextbite announced restructuring and layoffs.
Healthcare companies OhioHealth and Alto cut staff.
Next Insurance, a small business insurance provider, laid off 17% of its workforce.
Video game retailer GameStop announced layoffs and also said chief financial officer Mike Recupero was leaving the company.
Twitter laid off about one-third of its talent acquisition team.
At the end of June, San Francisco was in the spotlight as layoffs were made by numerous tech companies: game developers Niantic and Unity, online newsletter platform Substack and real estate company HomeLight. Elsewhere, data storage provider Qumulo and Parallel Wireless also made cuts.

June's more high-profile companies making cuts include:


Tesla employees were subjected to two rounds of layoffs, one in mid-June and another two weeks later in which a California office was closed and 200 employees cut.
Streaming giant Netflix laid off 300 employees in late June after cutting 150 a month earlier.
Brokerage firms Redfin and Compass
Online personal styling service Stitch Fix
Cryptocurrency exchange platforms Coinbase, Gemini and Bitpanda
Social audio platform Clubhouse

I'lll try to see if I can find anything on it. It seems like there are some hurdles that haven't been worked out yet...


https://fortune.com/2022/06/28/glob...-semiconductor-plants-chips-act-funding/

Chip makers are refusing to build new semiconductor plants in the U.S. unless Congress unlocks $52 billion in funding

Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, leisure and hospitality, and health care.

https://www.bls.gov/news.release/pdf/empsit.pdf

yea for sure. that's the part that is confusing. they announced these plans but now want congress to cough up 52 bill? i swear these corporations announce these "developments" just to hype up the people in the area where the site will be built, only to force government to give massive tax breaks or there will be a "loss" of job opportunities.

Corporations have been bribing the state, local and federal government to pay them money to build and move to locations for decades now. Nothing really new here.

Yup, just look at what happens when a football team wants changes to their stadium, or even a new one. It usually isn't even bribing, it's straight up coercion with real threats to move their business to another city, state, country. The bigger the company, the more leverage they have and they know it. That's How and Why it happens and won't change, because some other city/state/country will always give in to close the deal, so everyone HAS to play the game.

The economy only works if everyone becomes multi-millionaires,
or becomes homeless, inprisoned, criminals. There is no middle ground. The message, handed down, is loud and clear.
The worlds' largest Ponzi scheme.

Inflation will soon be higher than Biden's approval rating.

What a ridiculous thing to say.

What a ridiculous thing to say. What's funny is that Biden is still more popular than Trump in every poll. Biden beats Trump in every 2024 election poll, every poll.

Biden can't even beat members of his own party. How's he going to beat Trump?

Newsome wouldn't be a terrible candidate. But I struggle with how He allowed his relationship with his wife get to the point that she left to be with Jr. But Jr. seems happy with his seconds.

They split in 2005, and Kim didn’t get with Jr until 2019-2020. I’d say he didn’t “allow” anything, and she isn’t his property.

I never said she was. And I honestly thought she left him for Trump. I didn't like the thought of that and questioned how he could allow that to happen. So call it uninformed or poorly informed but damn sure not sexist, you know me better than that.

https://www.linkedin.com/news/story/shopify-laying-off-10-of-workforce-4869593/

Shopify laying off 10% of workforce

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By Jessy Bains, Editor at LinkedIn News
Updated 2 hours ago


Shopify is laying off 10% of its global workforce according to the Wall Street Journal. It’s backtracking on a pandemic bet that e-commerce growth would continue. “It’s now clear that bet didn’t pay off,” said CEO Tobi Lütke in an internal memo. The approximately 1,000 cuts will be across the board, but most will be in recruiting, support and sales. Duplicate, overspecialized, and roles described as “convenient to have but too far removed from building products” are also being cut. Staff who are being let go find out Tuesday.

Cutting 1000 from their "global workforce" huh? I wonder how many American jobs that actually is?

Meh, downscaling due to inflation slowing tipped services. A friend that works for a couple of the food delivery gig apps said they are lowing payouts and less busy too. A lot of businesses either are already struggling or will be if inflation keeps on keeping on.

https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-4830593/
firms that have announced layoffs since the beginning of July include:


Vox Media laid off 39 employees, its fourth round of staff cuts since the start of 2018.
A couple of Canadian companies made cuts: E-commerce platform Shopify is laying off about 1,000 employees, 10% of its workforce, and tech startup Clearco is cutting an unspecified number of staff.
New York City-based visual collaboration platform InVision announced layoffs and a CEO change in a LinkedIn post.
Wearable-tech maker Whoop is laying off 15% of its 630-person workforce, while rowing-tech company Hydrow is cutting 35% of its staff. Both companies are based in Boston.
Food tech startup Lunchbox has laid off 33% of its workforce.
7-Eleven has laid off around 880 corporate employees after its $21 billion acquisition of Speedway.
Ford plans to cut as many as 8,000 jobs, mostly in its gas-fueled vehicle division, Bloomberg has said, citing anonymous sources.
Asurion, a Nashville-based global tech services company, laid off 750 employees. It cut about 300 workers in November 2019.
Healthtech firm Olive joined a growing list of Central Ohio companies making layoffs by cutting 450 jobs.
LinkedIn members have posted about being laid off this week, at: online pharmacy Capsule, a New York City-based tech unicorn; Michigan-based internet security platform Censys; Utah-based Traeger Grills; online banker Varo, digital-collaboration startup Mural, AI sales platform People.ai, and hiring platform Workstream, all based in San Francisco.
Other companies making layoffs this month: wireless giant T-Mobile, supply-chain tech platform Project44, Seattle real estate startup Flyhomes, and Near Intelligence Inc.
Three applied behavior analysis (ABA) therapy service providers announced cuts: Forta, 360 Behavioral Health, and Center for Autism & Related Disorders (CARD).
Genetic testing firm Invitae laid off 1,000 employees – 40% of its workforce – and made numerous changes at the executive level.
Video platform Vimeo CEO Anjali Sud announced 6% staff cuts in a LinkedIn post.
OpenSea CEO cites "crypto winter" as NFT giant lays off 20% of staff.
Victoria's Secret laid off about 160 managers as part of a restructuring.
Online mortgage banker loanDepot is laying off about 4,800 employees this year, a 42% cut to its workforce, which numbered 11,300 at the end of 2021.
Tonal, a Peloton competitor in the connected workout equipment field, laid off 35% of its workforce as it eyes an initial public offering.
ChowNow, a delivery and marketing service for restaurants, laid off about 100 workers ear just days after "instant" delivery startup Gopuff cut 1,500 of its global workforce and closed 76 U.S. warehouses. More recently, food-tech startup Lunchbox laid off 60 employees, a third of its workforce.
Virtual events platform Hopin, a tech unicorn valued at $7.75 billion, laid off 29% of employees.
Electric carmaker Rivian said it was cutting "hundreds" after conceding it "grew too fast."
Food-tech companies Sunday and Nextbite announced restructuring and layoffs.
Healthcare companies OhioHealth and Alto cut staff.
Next Insurance, a small business insurance provider, laid off 17% of its workforce.
Video game retailer GameStop announced layoffs and also said chief financial officer Mike Recupero was leaving the company.
Twitter laid off about one-third of its talent acquisition team.
At the end of June, San Francisco was in the spotlight as layoffs were made by numerous tech companies: game developers Niantic and Unity, online newsletter platform Substack and real estate company HomeLight. Elsewhere, data storage provider Qumulo and Parallel Wireless also made cuts.

https://deadline.com/2022/07/warner...ming-decisions-loom-earnings-1235081582/

Warner Bros. Discovery Faces First Post-Honeymoon Earnings As Layoffs, Streaming Decisions Loom


https://www.businessinsider.com/tech-industry-layoffs-tesla-coinbase-facebook-2022-7
Tech's great layoffs: Over 30,000 tech employees lost their jobs as of July. These are their stories in their own words.

https://www.sfgate.com/bayarea/article/San-Francisco-genetics-Invitae-layoffs-17339329.php
San Francisco genetic tech company Invitae will lay off 1,000 employees, including over 700 local employees

I see hiring freeze's happening, but as far as lay-offs, I see it more as a "white collar" recession.

Just another step in the process to wipe out the American dream where people could advance and take steps up the ladder.

Communism leads to most everybody living in the "company town" where all of your needs are taken care of, but everybody is broke with no hope to move out or up.

The sad part is it looks like many are buying in to that thought. Good luck with that. I hope you realize that the only way out of that is to fight your way out.

Thank you Joe McCarthy.

I think giving people the ability to improve their station in life through hard work and ambition is not only good for the individual but also for the country as a whole.

JMHO, I'm not worried about the upper one third on bell curve of intelligence- the middle one third and bottom third are going to have troubling times. I lament loss of many manufacturing jobs- cars, air conditioning, steel plants, etc.- the bottom line drives corporate America- loss of corporate civic responsibility hurts. Example- how can Chick Filet close on Sunday, offer all employees some health benefits and still make a profit. We, as a country, need to rethink the American dream of everyone needs/ should have college degree and nationally recognize ALL LABOR is honorable and worth praise- garbage man or woman, and retail clerks/ stockers. Manufacturing jobs are key in my mind- better paying normally and help with dollar recycling on our shores.

https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-5956730/

Layoffs latest: Companies making cuts

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By Bobby Armstrong, Editor at LinkedIn News
Updated 59 minutes ago


The economic downturn has produced a summer of discontent for employers and workers alike, as layoffs, hiring freezes and rescinded job offers carried on into August. The specter of a recession continues to loom, even in the face of a hiring boom and a 3.5% unemployment rate that matches a 50-year low set just before the pandemic.

The layoffs have ushered in a new trend, reports the Wall Street Journal: announcing a job loss on social media to share about the experience and to network with recruiters.
Tips for navigating your career in uncertain times can be found here.

Firms that have announced layoffs since the beginning of August include:


Apple has laid off about 100 contract-based recruiters as it seeks to slow hiring and spending, reports Bloomberg.
HBO and HBO Max laid off 14% of their staff, or 70 employees, following the merger of parent company WarnerMedia and Discovery.
SoulCycle has shuttered a quarter of its cycling studios and cut 75 employees.
Signify Health, a Dallas-based home health services company, is laying off almost 500 workers in four states.
Peloton Interactive cut nearly 800 employees and announced store closures and price increases.
Gannett, the nation's largest newspaper publisher, is laying off dozens of journalists across at least 20 newsrooms.
Citing an "ever-changing macroeconomic environment," Best Buy has cut hundreds of store-based jobs, The Wall Street Journal reports.
Malwarebytes employees are posting on LinkedIn about layoffs at the Bay Area-based cybersecurity firm. Layoffstracker.com reports 125 people were affected by the cuts.
Meditation app Calm is laying off 20% of its staff, according to an internal memo obtained by The Wall Street Journal.
Warby Parker, an online retailer of prescription glasses, is laying off 63 corporate employees, 2% of its overall workforce and 15% of its corporate staff.
Video game developer Jam City, which has offices across the U.S. and Canada, is laying off about 200 employees.
LinkedIn members shared about staffing cuts made at other companies: real estate tech platform Doma, which also laid off staff in May; cannabis tech Weedmaps; childcare management app brightwheel; analytics software platform Sisu, and payments processor Fiserv.
Walmart is laying off as many as 200 corporate employees in areas such as merchandising and real estate.
Online brokerage Robinhood laid off 23% of its staff in its second round of cuts this year.
Global software giant Oracle is laying off an unspecified number of employees in its U.S. customer experience unit.

July's more high-profile companies making cuts include:


7-Eleven laid off about 880 corporate employees after its $21 billion acquisition of Speedway.
Ford is cutting up to 8,000 jobs, mostly in its gas-fueled vehicle division, anonymous sources told Bloomberg.
Crypto giant OpenSea cut 20% of staff.
Victoria's Secret laid off about 160 managers as part of a restructuring.
Electric carmaker Rivian said it was cutting "hundreds" after conceding it "grew too fast."
Twitter laid off about one-third of its talent acquisition team.

Layoffs latest: Companies making cuts
https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-5425332/


An economy stuck in neutral and the threat of recession have prompted companies across all sectors to cut costs by laying off workers, enacting hiring freezes and rescinding job offers. A recent survey of 700 executives revealed that an eye-popping 70% of them are planning layoffs or considering to do so, a number that also applies to hiring freezes. The news isn't all bad: There are about two job openings for every unemployed person and hiring increased by 6.5% in August, the first monthly increase since April.

The layoffs have ushered in a trend, according to the Wall Street Journal: announcing a job loss on social media to share about the experience and to network with recruiters.
Tips for navigating your career in uncertain times can be found here.


Patreon laid off its entire five-member security team, prompting a backlash among LinkedIn members.

High-profile companies making cuts in August:

T-Mobile laid off an unspecified number of workers in its network-operations and engineering group as part of a restructuring.
Bed Bath & Beyond cut 20% of its corporate staff, eliminated its chief operating officer and chief stores officer roles, and will close about 150 stores.
Snap, Snapchat's parent company, laid off 20% of staff – about 1,300 employees – as part of a major restructuring.
Ford laid off 3,000 salaried and contract workers in the U.S., Canada and India.
Boston-based Wayfair cut 870 jobs worldwide.
Apple laid off about 100 contract-based recruiters.
HBO and HBO Max cut 14% of staff, or 70 employees, after the merger of parent company WarnerMedia and Discovery.
Peloton Interactive cut nearly 800 employees and announced store closures and price increases.
Best Buy cut hundreds of store-based jobs.
Walmart laid off as many as 200 corporate employees.
Online brokerage Robinhood laid off 23% of its staff in its second round of cuts this year.
Global software giant Oracle cut an unspecified number of employees in its U.S. customer experience unit.


https://www.cnbc.com/2022/09/12/gol...ith-hundreds-of-job-cuts-this-month.html
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month


The unemployment rate rose in August from 3.5% to 3.7%, but employers still added 315,000 jobs.

Which towns are "company towns" please. Can you provide a list? Communism- which states / cities are communist? Please inform us.

I agree "white collar jobs" are taking hits, but LOTS of stores have help wanted signs out. Universities give you a degree and take your money---IT IS YOUR responsibility to know where the jobs are and in what fields.

On point of post- Mass Layoffs and Hiring Freezes----standard bs put out by Republicans- the economy is tanking, sky is falling. Right, check the DOW, check the number of cars on road, people flying, etc.,etc. The US is mostly still doing its thing.

You listed about 12 companies laying off folks- 100 from Apple- they employ nearly 37,000 folks. The US business cycle NORMALLY has ups and downs.

Wonder how many businesses will hire for the upcoming Christmas PUSH.

Jobs can be had- plumbers, roofers, electricians....all the TRADES are looking for people. White collar jobs are ALWAYS iffy.

I will respond with my definition of a company town. It's nothing like in the late 19th and early 20th centuries version IMO.

We have several here in Tennessee and they exist in many rural areas across America. And I'm willing to bet almost anything it's not what Peen meant. Many of these small towns are very rural and stagnant. Their tax base is close to zero and there is no possibility of jobs in the area or growth. So they become "company towns". They give out huge tax breaks in order to draw in a company to move there and provide jobs. They compete against each other all across the nation to see who can give away the most corporate welfare in order to bribe that business to their town. It shifts all of the tax burden off of the business and places it all at the feet of their workers. The company gets a free ride.

They can keep wages and benefits low because I mean, where in the hell else is anyone going to get a job? Most rural people think unions are evil, so there's no threat of their workers organizing. I mean what company wouldn't love that!? No taxes and cheap labor! It's like a corporate paradise!

From that moment forward all the company has to do once those tax breaks end is threaten to move their business to get more extended tax breaks. The town is at the mercy of the company. The towns tax base and future income is linked directly to that company. They are at the companies mercy. You'll hear all kinds of excuses as to why that's okay. How much it helps that town to excuse these companies paying their fair share. How the town had no choice in order to get jobs for their citizens. None of that changes a damned thing.

You didn't answer the question except with "your definition of a company town"- NAME a few and the companies involved- would the towns/cities??? really be better off without the tax breaks- I'd like your FACTS- old school- best job you've got is the one you have- then look for something better. You're talking rural Tennessee- what's new there- TVA transformed the whole area somewhat. If there are no jobs then people need to MOVE- JMHO, Americans quick to bitch about illegal immigrants, but lots sit on their butts and take the welfare? How many Tennesseans have walked out of Tennessee to find work? And learned a new language to be able to work. I don't believe your company town premise.....NOR will Watson pick the new head coach.

It happens in rural America all over the nation. Everyone knows it. The fact you don't know it or see it speaks volumes. People are flocking to Tennessee for work in my area. But then I didn't decide to live in Podunk.

He won't pick the next HC? Then maybe he'll just throw a tantrum and demand a trade like he did in Houston.

https://www.linkedin.com/news/story/gap-cuts-500-corporate-jobs-6001218/

Gap is cutting 500 corporate jobs, or about 5% of positions at headquarter locations such as New York and San Francisco. The retailer, which also owns Banana Republic and Athleta, swung to a loss of $49 million in the latest quarter, from profit of $258 million a year earlier, as consumers turned attention away from apparel and other goods to traveling and dining out. The cuts are unrelated to the Yeezy Gap partnership, The Wall Street Journal reported, and that label won’t disappear right away.

so white collar works getting downsized.

https://www.linkedin.com/news/story/job-openings-plunge-most-since-2020-5461756/

Job openings plunge most since 2020

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By Cate Chapman, Editor at LinkedIn News
Updated 5 hours ago


Job openings plummeted by more than a million in August, the biggest one-month drop since the pandemic hit the U.S. economy with full force in April 2020. In a sign that the super-hot job market may be cooling, available positions fell 10% from July to 10.1 million, Labor Department data show. There are now 1.7 open jobs for every available worker, down from two jobs in July. That drop might be welcomed by the Federal Reserve, which argues the tight labor market has pushed wages higher and fueled inflation, forcing it to hike interest rates.

Friday’s monthly jobs report is expected to show employers adding 265,000 to payrolls in September, according to Bloomberg.

Took a walk through the mall. 80% of the stores had “We’re hiring” signs out front. I’m pretty sure those who want a job have a job. And those few who get laid off will have no problem finding work somewhere if they want the work. Actually I believe this thread was just an attempt to shine a poor light on the Biden administration. You know, while most countries in the free world are trying to reel their inflation as well.

Added jobs are expected to be 265k for September yet according to some that means the sky is falling. Looking back on this thread that's the same thing he's been saying for months. The echo's have all proven to be wrong.

I think our economy is evolving into something different in the age of nobody cares.

https://www.linkedin.com/news/story/job-growth-slows-as-fed-mulls-hike-6032418/

Job growth slows as Fed mulls hike

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By Cate Chapman, Editor at LinkedIn News
Updated 10 minutes ago


The U.S. economy added 263,000 jobs in September, the fewest since April, while the unemployment rate slipped 0.2 percentage points, to a half-century low of 3.5%. The mixed signals on the strength of the labor market suggest that the steepest interest-rate increases in 40 years haven't yet cooled wage growth, which the Federal Reserve has said is fueling rapid inflation. Hourly wages continued to climb last month above the pre-pandemic norm, as the labor force participation rate narrowed slightly, the Labor Department report showed.

The Fed next meets to set interest rates on Nov. 2.
Major stock indexes fell, with the S&P 500 sliding 2.2%, as investors bet the report would not dissuade the central bank from raising rates further.


*The labor force participation rate, unfortunately, decreased to 62.3%.
*Expect more inflation and more rate hikes as many are saying Fed plan to hike rates by 0.75% in November followed by a further 0.50% in December.

The U.S. economy added 263,000 jobs in September, the fewest since April, while the unemployment rate slipped 0.2 percentage points, to a half-century low of 3.5%.

GOOD JOB JOE!

GOPers going hoping the economy fails under Biden. I tell u this is bat s crazy.

https://www.linkedin.com/news/story/philips-to-cut-4000-jobs-5027433/

Philips to cut 4,000 jobs

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By Cate Chapman, Editor at LinkedIn News
Updated 5 hours ago


Dutch technology giant Philips plans to slash 4,000 jobs, with cuts centered in the U.S. and the Netherlands, the company announced Monday. Sales at Philips have fallen for five straight quarters, with the company recording a loss of $1.3 billion in the third quarter, down from a profit of $3 billion in the same period last year. That loss was largely due to a massive recall of ventilators used to treat sleep apnea, over concerns that foam inside the machines could be toxic. The planned layoffs cover about 5% of Philips workforce.

New chief executive Roy Jakobs, who was promoted to the top job earlier this month, told Reuters that the company needs to work its “cost base to stay competitive.”

https://www.linkedin.com/news/story/cerebral-to-trim-20-of-staff-5471108/
Cerebral to trim 20% of staff

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By Jake Perez, Editor at LinkedIn News
Updated 3 hours ago


Mental health startup Cerebral is restructuring, laying off 20% of staff in its latest round of cuts, as the wider health tech industry struggles to readjust from a pandemic boom. CEO David Mou announced the cuts in a memo to staff, reports The Wall Street Journal, and they follow previous layoffs over the summer, which impacted some nurse practitioners, contract workers and support staff. Cerebral and therapy tech rivals Headway, BetterHelp and Talkspace are enduring staffing changes — and increased scrutiny — as they try to weather the economic downturn.

Amazon is shutting down its telehealth unit, Amazon Care, at the end of the year.
Digital health coaching platform Noom, mediation app Calm and digital pharmacy Truepill are among the telehealth companies that have recently slashed jobs.

Covid created new industries and increased others, and anyone in those industries should have seen and known it was a short term boost.

Remote work showed some workers can be more productive in a less distractive environment, which led to more productivity from premium workers, and less from the slackers. Remote work helped identify these differences, and many companies started to trim their workforce.

I have 4 friends who's companies did this exact thing. 3 of them are at good "family" owned companies (2 at the same company), and some of the payroll saving got passed down to them in the form of substantial rases and better benefits and perks. The 1 that it didn't was from a smaller company so the savings wasn't as much and they had just promoted her and gave her a raise like 3 months before covid.

Many large corporations got additional savings by cutting physical office space costs.

What I think will be interesting in the next few years is how many abandoned buildings/offices will there be in the large cities where many of these companies existed.

https://www.linkedin.com/news/story/meta-preps-large-scale-layoff-wsj-5488444/

Meta preps 'large-scale' layoff: WSJ

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By Jake Perez, Editor at LinkedIn News
Updated 4 hours ago


Facebook parent Meta is said to be readying its first-ever "large-scale" layoff this week, according to The Wall Street Journal and The Washington Post, who cited a memo posted to the company’s internal message board. The announcement of the staff cuts, which The Wall Street Journal says could happen Wednesday, is expected to affect "many thousands" of its 87,000 total workforce, and could be the largest headcount reduction at a tech company during the downturn.

While over 250k jobs were created last month.....

Facebook and Twitter jobs lol. Useless jobs. They need to find real work in society instead of catering to tv personalities, politicians, and celebrities spewing bs. If only the remaining employee’s can see the future. Keep them until the political mud slinging election cycle is over, then cut em loose. Follow the money. No political ads, loss of income.

https://www.linkedin.com/news/story/salesforce-latest-to-confirm-layoffs-6059290/

Salesforce latest to confirm layoffs

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By Andrew Murfett, Editor at LinkedIn News
Updated 5 hours ago


Salesforce on Tuesday confirmed that it has laid off some staff, with CNBC reporting that "less than 1,000 people" have been let go. Up to 2,500 employees could eventually be affected by the job cuts, Protocol reports, adding that staff with "performance issues" would be specifically targeted. The software giant is seeking to slash costs amid a "new activist investor challenge and harsh economic conditions," Protocol notes.

Salesforce employs more than 73,000 people and has grown its headcount by 36% over the past year, according to a recent filing.

Salesforce employs more than 73,000 people and has grown its headcount by 36% over the past year, according to a recent filing.


That would seem to be the problem, to me.

The X or Y or whatever generation we are up too....they don't have the work ethic older generations had....they KNOW their are fewer of them and can get a job most places IF they qualify. Completely different environment than in 50s/60s. Damn glad we don't have a Vietnam, Korea, Afgan, Iraq going on right now. If you want to work, you can work, just maybe not your DREAM job.

oh boy here we go!! back in my day we went to war at the age of 14 and didn't complain!

BS.

We millennials came of age during the two longest wars in American history. Who do you think fought on the front lines of those wars?

Keep in mind that our generation didn’t grow up with generous pensions either. Also, we weren’t the ones who turned this country from the largest creditor in the world to the largest debtor. We didn’t have cheap college education.

I graduated law school in 2009, during the greatest financial fiasco since the Great Depression. That’s the job market I entered. I clawed for an associate position that underpaid, where I was treated like garbage. I did move into something that became my dream job. I own a house, have kids, and contribute to society just like most on here.

What has shifted is our priorities. It’s true that we value our time more than money itself. That gets chalked up to work ethic I suppose, but I wouldn’t trade the fact that I can support my family, coach basketball and be a present dad and husband for anything.

The narrative you promote is inaccurate.

I agree with you that what he said was BS. But I think one has to expect that. It's a historical pattern. Each generation feels the language, music, work ethic, fads and almost everything about the newest generation will destroy the world as they know it. I'm in my 60's but can remember when people were saying that kids gyrating their hips would send them to hell. That R&R music would destroy this country. My time as a teenager through young adulthood was during the 70's. Do you have any idea what they said about kids of the 60's and 70's? The counterculture. Vietnam war protests. Drugs. My generation was going to send America straight to hell!



To be honest with you I'm not all that different to the generations before me in some respects. When it comes to the past 20-30 years I don't get their music. I don't get their slang. I most certainly don't get what they tend to call fashion!

The biggest difference I think between myself and many from my generation is that I know I'm not supposed to get it. It's "their thing". Just like it was for me in the 70's. Each generation feels the need to make their own statement as to who they are and it will continue that way long after I'm gone. But just because I don't understand any of that, that doesn't mean anything in the grand scheme of things. Just like my generation the net result won't be that they are less or that they are going to destroy this country any more than my generation did.

On at least some levels I have respect for them. I don't blame anyone who is unwilling to full time and not being able to make a living. I'm not talking about getting rich, but just being able to pay rent and live at least a somewhat normal life. They're smart enough to understand that huge corporations are setting record profits while paying below poverty wages and they aren't going to stand for it. Good for them! If people want to know why they all think they need to go to college, it's because that's what they have been taught by their parents.

This nation will do fine as long as the politicians don't destroy us from within. And if anyone keeps spewing the same old, tired rhetoric that is the same as every prior generation has spewed, history dictates they're wrong as hell.

That's a completely fair assessment.

https://www.linkedin.com/news/story/latest-layoffs-companies-making-cuts-5040713/
here are the numbers:

Tech giant Meta, Facebook's parent company, is laying off more than 11,000 employees, or 13% of its 87,000-strong workforce.

Real-estate platform Redfin laid off 13% of its workforce – 862 people, according to CNN – and shut down its home-flipping unit. It's the second round of layoffs for the company since June.

Check this site out SB.


https://layoffs.fyi/

https://www.linkedin.com/news/story/hp-will-cut-up-to-6000-workers-5499012/

HP will cut up to 6,000 workers

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By Saundra Latham, Editor at LinkedIn News
Updated 3 hours ago


HP says it will eliminate 4,000 to 6,000 jobs — roughly 12% of its workforce — through the end of 2025, the latest in a wave of layoffs that has hit the tech industry. The computer maker projects that the cuts will save an annualized US$1.4 billion in that time period. Executives say a pullback in demand for personal computers continues to pressure HP's bottom line, and they aren't optimistic that will change in 2023. HP expects earnings of $3.20 to $3.60 cents a share in fiscal 2023, well below analysts' expectations of $3.62 per share.

After Goldman changed their position on there being a recession in 2023...

https://www.linkedin.com/news/story/goldman-could-cut-up-to-4000-jobs-6118402/
Goldman could cut up to 4,000 jobs

By Saundra Latham, Editor at LinkedIn News

Up to 4,000 Goldman Sachs employees could lose their jobs in the new year as the investment bank seeks to slash expenses, several media outlets report, citing anonymous sources. While the ultimate number could be smaller, the firm is targeting up to 8% of its workforce, and managers have been asked to identify candidates for layoffs, according to Semafor. Goldman's headcount recently hit 49,000 — up by roughly a third in four years — just as the bank confronted a major slowdown in dealmaking and fundraising.

CEO David Solomon acknowledged "headwinds on our expense lines" during a conference last week. “We’ve set in motion certain expense-mitigation plans, but it will take some time to realize the benefits.”
Goldman had already planned to pull back on bonuses and cut 400 jobs in its retail banking division, Bloomberg reported earlier this week.

Where does it say Goldman Sachs changed its position on a looming recession? It doesn't. It's only speaking about some layoffs concerning the company. I don't think this says what you think it says.


There's nothing in your link that states this at all.

Chicken little makes up stuff to further a false narrative. The sky is falling ……. again. That’s what Chicken Little does.

https://www.linkedin.com/news/story/micron-to-cut-10-of-workforce-5083209/

Micron to cut 10% of workforce

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By Cate Chapman, Editor at LinkedIn News
Updated 6 hours ago


Micron said it plans to cut 10% of its workforce, or about 4,800 jobs, over the next year in response to lackluster demand for computer components. The largest U.S. maker of memory chips said it was also suspending bonuses for 2023. Micron has forecast a loss of 62 cents a share in its current quarter, compared to a 29-cent loss expected by analysts. Demand for semiconductors has whipsawed over the past three years, soaring early in the pandemic and then falling as inflation and economic uncertainty crimped sales of electronic devices.

Economy Watch: Retail Sales Better Than Expected in December

https://www.multihousingnews.com/economy-watch-retail-sales-better-than-expected-in-december/

The Census Bureau reported on Tuesday that U.S. retail sales were up 0.5 percent from November to December (important note: the figures are adjusted for seasonal variation, but not price changes). Year-over-year, the retail sales increase in December was 4.7 percent. In other words, consumers collectively said, “What me Worry?” about the fiscal cliff.

Take autos out of the equation, and the increase for the month was 0.3 percent. Take gasoline out of the equation, and the annual increase for retail sales was 5.1 percent. However one slices it, the new numbers suggest that early, relatively glum assessments of retail sales for the holidays missed the mark.

Most categories of retailers enjoyed some kind of bounce during December. Car sales were up 1.8 percent, and shoppers were out buying enough clothes to support a 1 percent monthly increase. Restaurants and bars also enjoyed a 1 percent monthly uptick in sales. By contrast, electronics retailers lost ground, with a 0.6 percent monthly drop in sales, perhaps indicating that there are only so many iPhone 5s people are willing to buy.

Home prices continue upward

That would all be great if we were still living in 2013.

How are time machine sales??

Now we'll hear how it's Trump's fault that the article is so old. From the old eyeball test, the parking lots at all of the local shopping centers here are nowhere near as full as they usually are during the holidays, and there aren't the usual long arse lines at the registers the few times I've gone shopping. I really try to avoid it this time of year.

Same here. We had that "one last outing" planned for Friday until the weather reports came in. Had to go out yesterday. Busy, but nothing like I expected. Especially since a lot of shopping is getting compressed due to the storm.

"Trump's fault that the article is so old."

Sadly, that's not even a stretch. Only need two degrees of Trump for this one.

Trump sold condos and rented apartments.
Article is from multihousingnews.com

Voila -- Trump's fault

Alright lol I posted the wrong article.

This is a article that reflects what I was looking for.

https://www.reuters.com/markets/us/us-retail-sales-beat-expectations-october-2022-11-16/

WASHINGTON, Nov 16 (Reuters) - U.S. retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer spending picked up early in the fourth quarter, which could help to support the economy.

The solid retail sales reported by the Commerce Department on Wednesday and signs of a slowdown in inflation raised cautious optimism the economy could avoid an anticipated recession next year or experience only a mild downturn.

reality:

https://www.cnbc.com/2022/12/15/ret...sumers-feel-pressure-from-inflation.html
Retail sales fell 0.6% in November as consumers feel the pressure from inflation

So only "your reality" can be right? We've been hearing that for a while now.

There is a large recession lobby in Washington these days that seems to view a recession as a positive good for the economy and society. The basic story is that we have seen a big jump in inflation associated with the pandemic and the war in Ukraine. They argue that a recession will be needed to bring inflation back down to acceptable levels.

The logic is that the higher unemployment associated with a recession will force workers to take pay cuts. This will reduce inflationary pressures in the economy.

https://cepr.net/republicans-another-reason-a-recession-would-be-really-bad-news/

But there's only one side to this haven't you heard?

Correct - that's what they are doing. They are doing it because government employees are recession-proof and won't be hurt by a recession. Meanwhile, the rest of us will get taken to the woodshed.

However, it is not the Republicans doing it - it's the feds forcing us into a recession so they can get inflation down to 2%. Jerome Powell said it would be done at all costs and I am sure I can find a quote of him saying that too.

This is what I have been saying since around July/Aug.

again... the two are not mutually exclusive if people just pay attention. One talks about an unquantified uptick back in October while the other specifies a 0.6% downturn in November.

So, perhaps things had the appearance of improving back in October and that gave hope for an Ok Q4, but it looks like November put that on hold.

Brutal first few days of the year...

https://www.cnn.com/2023/01/09/tech/silicon-valley-layoffs-continue/index.html

Salesforce
Salesforce Inc. CRM 5.26%increase; green up pointing triangle said last week it would cut 10% of its staff. Salesforce Co-Chief Executive Marc Benioff said the company overhired at the start of the pandemic and now faced sluggish demand from customers who were cutting back on spending.

https://www.cnbc.com/2023/01/06/salesforces-marc-benioff-hints-at-more-potential-layoffs.html
Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week’s job cuts

https://www.cnn.com/2023/01/09/tech/silicon-valley-layoffs-continue/index.html

Goldman Sachs
Goldman Sachs GS 1.75%increase; green up pointing triangle Group Inc. plans to cut 3,200 jobs starting this week. Goldman and other Wall Street banks are curbing expenses to offset declines in deal-making revenue.

https://www.cnn.com/2023/01/09/tech/silicon-valley-layoffs-continue/index.html

Amazon
Amazon AMZN 2.72%increase; green up pointing triangle.com Inc. is laying off more than 18,000 employees concentrated in its corporate ranks. The company said last year it was planning job reductions after more customers began returning to bricks-and-mortar stores and have begun spending less money online.

U.S. added 223,000 jobs in December, capping off strong 2022

https://www.cbsnews.com/news/hiring-jobs-report-december-capping-off-strong-2022-12/