marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
layoffs
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
04/07/2023
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By Ramon Tomey
Google tightens belt, implements cost-cutting measures like removing snack bars and staplers
Search engine giant Google has begun implementing cost-cutting measures, as confirmed by the company’s chief financial officer. Google CFO Ruth Porat broke the news in a March 31 email sent to all employees of the Mountain View, California-based technology firm. Her email said the cost-cutting measures aimed to “deliver durable savings through improved velocity and […]
03/29/2023
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By Arsenio Toledo
Disney to begin mass layoff of 7,000 employees this week
The Walt Disney Company announced on Monday, March 27, that it already began letting go of 7,000 of its workers in a mass layoff the company announced earlier this year. Chief Executive Officer Bob Iger said the layoffs are necessary for the company to control costs and create a more “streamlined” business. The job cuts were initially […]
03/22/2023
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By Belle Carter
UBS $3.2B takeover of Credit Suisse wipes out AT1 bonds, proves bank bonds are more risky than previously believed
Holders of additional tier 1 (AT1) bonds from the beleaguered Credit Suisse were angered by the announcement that their investments will be written to zero, following the $3.2 billion takeover of rival banker UBS. According to CNBC, the Swiss Financial Market Supervisory Authority (FINMA) broke the news. This effectively rendered AT1 bonds worth 16 billion […]
03/15/2023
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By Ramon Tomey
Tyson Foods to close two chicken processing plants; almost 1.7K jobs affected
Meat giant Tyson Foods announced that it will close two of its facilities for processing chicken, affecting close to 1,700 jobs. The Springfield, Arkansas-based meat processing company confirmed the closure of its two plants – one in Van Buren, Arkansas and another in Glen Allen, Virginia – to CNBC. The Van Buren facility with 969 […]
02/22/2023
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By Belle Carter
Internal sources: Apple secretly firing contractors to cut costs despite job security assurances by CEO
Sources from within tech giant Apple disclosed that the company has been quietly axing contractors to cut costs. The revelation came amid previous assurances from Apple CEO Tim Cook that layoffs would be a “last resort.” The Cupertino, California-based company resorted to this move to avoid mass retrenchment of direct hires. Other companies such as Amazon, […]
02/15/2023
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By Ramon Tomey
None of your business: Survey shows Americans prefer companies that stay out of politics
Americans care more about companies doing what is best for business than pandering to woke interests, according to the results of a recent survey. The poll that involved more than 1,000 possible voters was conducted by the Atlanta-based Trafalgar Group and the Convention of States Action (COSA). It found that nearly 80 percent of respondents […]
02/14/2023
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By News Editors
After the worst January job cuts ‘since The Great Recession’, here are 12 major layoffs that have already been announced in February
It appears that the tsunami of layoffs that started late last year is starting to accelerate. January was a horrible month for job losses, and major layoff announcements are coming fast and furious here in February. But of course the Biden administration would have us believe that everything is just fine. Last week, the government told […]
02/13/2023
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By Belle Carter
Layoff saga continues as 12 more companies announce mass employment terminations
The U.S. economy is still trapped in the midst of a looming collapse as more companies recently announced mass retrenchment, a clear indication that the tsunami of layoffs that started late last year is continuing to accelerate. During the State of the Union Address, President Joe Biden boasted about the creation of 517,000 jobs in January – surpassing […]
02/10/2023
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By Ramon Tomey
Get woke, go broke: Disney to fire 7,000 employees after rolling out disgusting movies aimed at indoctrinating children into LGBT cult
The Walt Disney Company said it will lay off 7,000 employees as it seeks to recover losses caused by its pivot toward wokeism. Disney CEO Bob Iger announced the layoffs during a Feb. 8 earnings call, alongside a mass restructuring plan. While most of the 7,000 employees to be terminated are part of the DMED, […]
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