It’s capitalism cut the workforce for more profits. New companies start up or others grow and hire people.
Failing companies.
Paypal, people are not using it as much with all these new pay methods like Apple Pay, Samsung Pay, Amazon Pay
Acti what, haven’t heard of them since the 80s
Sports Illustrated. Magazine and Newspapers have been failing because everything is online and a lot is free
Twitch, not sure what they are some free streaming thing?
Spotify failing and too many competitors and free options.
Remember Biden said the economy is doing great so it must be! Hahahahahaha
Unemployment is quite low, new hires are quite high. MAGA fools are biting their lip.
[deleted]
All bubbles pop or deflate
I used to work with a guy that went to pay pal at the beginning of 2022. We worked at a top tech company which he left for more money. He wasn’t a top performer at the company we worked at, but he all wasn’t the type to mislead. He claimed PayPal was paying him $600k / year, this was in the South East. That would have been crazy for his work even in a HCOL area like San Francisco. He was part of the layoffs. Some of this is laying off people that are getting ridiculous Salaries.
But it’s best economy ever I hear. LOL
The numbers aren’t there yet. For comparison in recession of 2008: Between October of 2008 and April of 2009, an average of 700,000 American workers lost their jobs each month.
We are at a small fraction of that. If the numbers keep climbing month after month, then we can be truly concerned. Right now, it’s concentrated within a small handful of industries. But it can spread quickly if a few bad events Daisy chain together.
These are more common going into election years. Companies all over the country don’t know the outcome of the election so they usually play more reserved and careful until this year is basically over. There are of course many factors that play into this, but this tends to happen more every four years.
Monthly layoffs have ranged from 1.845 million to 1.551 million in 2023. In December it was 1.616 million. There has been no sign in the date of any increase in layoffs yet.
Companies always lay off workers early in the year. It doesn’t signal a recession.
“ Pah! A recession? Don’t be stupid!” – MSM
The next call of duty is going to be even worse now?
Activision has been bought byicrosoft if im not mistaken? Not sure how the number would add up if only 12 staff are left for a gaming conglomerate
Nope the economy is doing great, we are about to see massive executive compensation packages and stock buybacks but not a recession.
Capitalism is sooooooooo stable as an economic structure….
Activision was because the acquisition, that happens 100% and the time, and SI laid off 100 ppl…not really a lot.
A tiny percentage of the total employed. Again, unemployment is very low, hiring is very strong. The tech industry has had several booming years of expansion. Not at all surprised by this.
That’s not bad news, the market is cutting fat. Better margins. Elections year will compress the stock market and then earnings will increase. After 2025 starts that’s when things will be unknown. Either boom for some time or bust drastically
Maybe they should learn to code???
Yes we are. Don’t listen to the government.
Does seem precarious, couple that with how hard one of the largest economies in the world, China, is coming apart.
25 comments
On another note, RV sales have gone up 80%
It’s capitalism cut the workforce for more profits. New companies start up or others grow and hire people.
Failing companies.
Paypal, people are not using it as much with all these new pay methods like Apple Pay, Samsung Pay, Amazon Pay
Acti what, haven’t heard of them since the 80s
Sports Illustrated. Magazine and Newspapers have been failing because everything is online and a lot is free
Twitch, not sure what they are some free streaming thing?
Spotify failing and too many competitors and free options.
Remember Biden said the economy is doing great so it must be! Hahahahahaha
Unemployment is quite low, new hires are quite high. MAGA fools are biting their lip.
[deleted]
All bubbles pop or deflate
I used to work with a guy that went to pay pal at the beginning of 2022. We worked at a top tech company which he left for more money. He wasn’t a top performer at the company we worked at, but he all wasn’t the type to mislead. He claimed PayPal was paying him $600k / year, this was in the South East. That would have been crazy for his work even in a HCOL area like San Francisco. He was part of the layoffs. Some of this is laying off people that are getting ridiculous Salaries.
But it’s best economy ever I hear. LOL
The numbers aren’t there yet. For comparison in recession of 2008: Between October of 2008 and April of 2009, an average of 700,000 American workers lost their jobs each month.
We are at a small fraction of that. If the numbers keep climbing month after month, then we can be truly concerned. Right now, it’s concentrated within a small handful of industries. But it can spread quickly if a few bad events Daisy chain together.
These are more common going into election years. Companies all over the country don’t know the outcome of the election so they usually play more reserved and careful until this year is basically over. There are of course many factors that play into this, but this tends to happen more every four years.
Monthly layoffs have ranged from 1.845 million to 1.551 million in 2023. In December it was 1.616 million. There has been no sign in the date of any increase in layoffs yet.
[https://ycharts.com/indicators/us_layoffs_and_discharges_total_nonfarm](https://ycharts.com/indicators/us_layoffs_and_discharges_total_nonfarm)
Companies always lay off workers early in the year. It doesn’t signal a recession.
“ Pah! A recession? Don’t be stupid!” – MSM
The next call of duty is going to be even worse now?
Activision has been bought byicrosoft if im not mistaken? Not sure how the number would add up if only 12 staff are left for a gaming conglomerate
Nope the economy is doing great, we are about to see massive executive compensation packages and stock buybacks but not a recession.
Capitalism is sooooooooo stable as an economic structure….
Activision was because the acquisition, that happens 100% and the time, and SI laid off 100 ppl…not really a lot.
A tiny percentage of the total employed. Again, unemployment is very low, hiring is very strong. The tech industry has had several booming years of expansion. Not at all surprised by this.
That’s not bad news, the market is cutting fat. Better margins. Elections year will compress the stock market and then earnings will increase. After 2025 starts that’s when things will be unknown. Either boom for some time or bust drastically
Maybe they should learn to code???
Yes we are. Don’t listen to the government.
Does seem precarious, couple that with how hard one of the largest economies in the world, China, is coming apart.
Nothing to see here. The economy is booming.
Fake news! Biden said the economy is booming! 🤪