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Thread: Mass Layoffs To Return With A Vengeance

  1. #1

    Mass Layoffs To Return With A Vengeance

    http://www.zerohedge.com/news/2016-0...turn-vengeance

    Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

    Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of 'recovery'.

    Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.

    Since January 1st, here is a but of subset of the headlines we've seen:

    • Johnson & Johnson to slash 3,000 jobs
    • Wal-Mart pulls plug on smallest store format, shuts 269 stores
    • GE plans to cut 6,500 jobs in Europe
    • BP to slash thousands more jobs in face of oil downturn
    • Macy's to cut 3,000 jobs, close 36 stores
    • Sprint cutting 2,500 and closing call centers to cut costs
    • Canadian Pacific Railway plans to cut 1,000 positions
    • Brazil economy shed 1.5 million payroll jobs in 2015
    • Pearson to cut 4,000 jobs in latest restructuring
    • Barclays to slash about 1,000 investment bank jobs worldwide
    • Southwestern Energy to lay off 1,100 workers amid oil slump
    • Major banks are making cuts: Bank of America, Citi Group and JPMorgan Chase are trimming jobs and branches.
    • Autodesk to cut 10 pct of workforce Caterpillar closing 5 plants, cutting 670 jobs
    • VMware posts higher-than-expected revenue, announces job cuts
    • AIG to cut jobs in sweeping overhaul
    • Monsanto to slash 1,000 more jobs, total planned cuts at 3,600
    • Instacart layoffs may be a sign of things to come
    • EMC plans layoffs as it cuts annual costs by $850M


    ...
    Full article and links to references on link at top of post.

    ---

    Everything is awesome, go back to sleep.

    Now lets wait for Zippy to come in and tell us some disinformation and how everything is still awesome and everything will be fine and sustainable for the next thousand years by doing exactly what we are doing right now.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



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  3. #2
    dp
    Last edited by Zippyjuan; 02-04-2016 at 06:22 PM.

  4. #3
    Are you taking all of your gold and moving to Switzerland or Canada to avoid the catastrophy?

    Johnson and Johnson have 126,500 employees. That is about a two percent reduction.
    Walmart cuts less than one percent both of square footage and employees.
    GE cuts in Europe- not US.
    BP- yes, the oil industry is having a very hard time and losing lots of jobs.
    Barclays- 1000 jobs "worldwide"- mostly in Asia, not US.

    "Massive layoffs" is an over-hype. The list is nothing like what was seen during the recession.

    Last edited by Zippyjuan; 02-04-2016 at 06:27 PM.

  5. #4
    Quote Originally Posted by DamianTV View Post
    •Monsanto to slash 1,000 more jobs, total planned cuts at 3,600
    Blame donnay LOL
    You have the right to remain silent. Anything you post to the internet can and will be used to humiliate you.

  6. #5
    xxxxx
    Last edited by Voluntarist; 07-22-2018 at 11:56 AM.
    You have the right to remain silent. Anything you post to the internet can and will be used to humiliate you.

  7. #6
    Quote Originally Posted by DamianTV View Post
    http://www.zerohedge.com/news/2016-0...turn-vengeance



    Full article and links to references on link at top of post.

    ---

    Everything is awesome, go back to sleep.

    Now lets wait for Zippy to come in and tell us some disinformation and how everything is still awesome and everything will be fine and sustainable for the next thousand years by doing exactly what we are doing right now.
    Biggest layoffs I read about this yr were Cummins & Cat , not on your list and a bad sign in normal times.

  8. #7
    Quote Originally Posted by DamianTV View Post
    Now lets wait for Zippy to come in and tell us some disinformation and how everything is still awesome and everything will be fine and sustainable for the next thousand years by doing exactly what we are doing right now.
    Well we didn't have to wait very long at all. Zippy on point with that post speed.
    Quote Originally Posted by Sister Miriam Godwinson View Post
    We Must Dissent.

  9. #8
    Quote Originally Posted by Zippyjuan View Post
    Are you taking all of your gold and moving to Switzerland or Canada to avoid the catastrophy?

    Johnson and Johnson have 126,500 employees. That is about a two percent reduction.
    Walmart cuts less than one percent both of square footage and employees.
    GE cuts in Europe- not US.
    BP- yes, the oil industry is having a very hard time and losing lots of jobs.
    Barclays- 1000 jobs "worldwide"- mostly in Asia, not US.

    "Massive layoffs" is an over-hype. The list is nothing like what was seen during the recession.

    Not yet.

    Quote Originally Posted by Voluntarist View Post
    Blame donnay LOL
    I blame you Donnay!
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



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