General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe full list of major US companies slashing staff this year, including Meta, ExxonMobil, and AMD
https://autos.yahoo.com/full-list-major-us-companies-180103083.htmlBusiness Insider
After a brutal year of layoffs in 2023, companies this year have continued to cut jobs across tech, media, finance, manufacturing, and retail.
Tech titans like Meta, IBM, Google, and Microsoft; finance leaders like Goldman Sachs, Citi, and BlackRock; accounting firms like PwC; entertainment behemoths like Pixar and Paramount; and corporate giants like Tesla, Dow, and Nike have all announced layoffs.
A survey in late December said nearly 40% of business leaders had expected layoffs this year, ResumeBuilder said. ResumeBuilder talked to about 900 leaders at organizations with more than 10 employees.
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Boeing will be adding to that list shortly
MichMan
(13,160 posts)Xolodno
(6,686 posts)Was there misogyny, racism, etc. Sure, but that usually cuts on the GOP side, not ours, but they make for the usual excuses.
People buying groceries with their credit cards is also going to bring on more angst. Yes, the job growth numbers were good, but that doesn't tell the entire story. Yes, you get laid off at PWC, but now you are working for less at a small practice with inflation still not completely tamed.
Insurance bills going up across the country, granted not to the levels of Florida or California, but that's more of your budget.
That's going to add up.
haele
(13,520 posts)The "Middle Class" that can be replaced by AI or robotics.
It doesn't matter who is President when Tech takes jobs. Those jobs are going away and not coming back. Boomers have been retiring over the past 5 years, which is freeing up the 20 years of logjam in the upper wage sector, but not enough for the GenX and Millennials to take those positions and catch up with the cost of living before those jobs are being replaced by Tech.
Unfortunately, few people can handle the realization that their 20 years of hard work and education is worth less to those who can pay the big bucks for their expertise than buying a machine or access to software.
And not everyone can just start their own business or Gig and still maintain a just above average standard of living, especially if they're renting.
Not talking people used to Private Schools and $400 a pop eat out every Saturday. Just a pay all the monthly basic bills and allowance, and have a couple hundy or so left over to put aside for an emergency/annual fund (like registrations, repairs, or maintenance) every month.
"Disruptive Actions" - just doing whatever without thinking of long term implications - has been the casual buzzword in the Finance Sector and Silicon Valley for 15 years. And it's eating the Middle Class alive.
Haele
eppur_se_muova
(37,389 posts)... not that he has any idea how.