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2022-12-01 Economy

[Breitbart] The following is sponsored content by Stansberry Research.

Have you seen the massive number job cuts taking place right now in the tech industry?

Money manager Charlie Bilello posted a list recently, and the numbers are stunning:

Twitter is cutting 50 percent of its workforce (about 3,700 jobs).
Facebook is cutting 11,000 jobs—its largest round of layoffs ever.
Snap is cutting 20 percent of its workforce (1,200 jobs).
Shopify is cutting 10 percent of its workforce (1,000 jobs).
Netflix cut 450 jobs.
Microsoft and Salesforce are each cutting 1,000 jobs.
Robinhood is cutting 31 percent of its workforce.
Tesla is cutting 10 percent of salaried workers.
Lyft is cutting 13 percent of its workforce (700 jobs).
Redfin is cutting 13 percent of its workforce.
Coinbase is cutting 18 percent of its workforce (1,100 jobs).
Stripe is cutting 14 percent of its workforce (1,000 jobs).

And in addition to these massive cuts, Bilello says Amazon has announced a hiring freeze, Apple has paused almost all hiring, and Google is reducing new hiring by 50 percent.

But here’s the really scary part...

According to Bill Bonner, a 73-year-old ultra-successful entrepreneur whose companies employ thousands of people around the world, these layoffs are just getting started and are just the beginning.

In fact, Bonner says the next phase of this crisis is going to come from a place few people are even thinking about right now.

Bonner says what’s looming close on the horizon will catch almost everyone by surprise and could lead to some very difficult years in American history.

Every informed American should check this out.

You’re unlikely to hear this message anywhere else, and the mainstream press likely won’t report on it for many months to come, when it’s far too late.

Get the facts, and don’t get caught flat-footed. Bonner says there are 4 critical steps every American should take immediately to prepare for what’s to come.

Massive layoffs and collapsing stock prices are just the beginning.

We are in a very strange period of time in America right now, and Bonner says it’s about to get worse.

Posted by Besoeker 2022-12-01 00:38|| || Front Page|| [11135 views ] Top

#1 BALL-Hiring freeze.

Posted by The Walking Unvaxed 2022-12-01 06:20|| 2022-12-01 06:20|| Front Page Top

#2 You want a job, ~~learn how to write code~~ relocate to China.

Posted by Besoeker 2022-12-01 06:24|| 2022-12-01 06:24|| Front Page Top

#3
History seems to be closely repeating itself almost 100 years later.

The US coming out of a foreign war.

A wave of cultural and moral standards are in constant skew. So Congress legislatures laws to change moral foundations and adjust basic rights seeking votes and seeing $$$$$$

Staple prices jump to match the new higher wages being paid..

The world faces a pandemic and the US is hard hit.

The financial market (FTX and Fanny-Mae Freddy-Mac and etc.) is grossly mismanaged.

The Stock market goes from a BULL Market, to a BEAR Market in a few days. As stock owners dump and run. Because the F-1000 is showing signs of having ROI / P&L issues.

Inflation takes hold

Bank accounts are drained and debt is amassed.

A foreign National Socialist country (China) gains more and more power. It then seeks new territories to expand and grow. The US & World allows the national socialist country to grab surrounding land masses (Taiwan). Because the population there share many similarities.

WW-III starts with a few "incidents" here and there.

But this time, US no longer has the Industrial nor physically able population to properly gear up and fight.

It will be a short-lived Electronic and/or Nuke war.

Posted by NN2N1 2022-12-01 06:30|| 2022-12-01 06:30|| Front Page Top

#4 Tesla is cutting 10 percent of salaried workers.

Salaried - exempt
Laborers - non-exempt

Seems management is taking the hit not the production line.

Posted by Procopius2k 2022-12-01 06:54|| 2022-12-01 06:54|| Front Page Top

#5 Bill Bonner may be right but probably won't be.

Job openings are still pretty strong. BLS data show about 10 Million nationally as of the end of October 2022.

This is way above the average for the past few decades.

Posted by Lord Garth 2022-12-01 09:02|| 2022-12-01 09:02|| Front Page Top

#6 The life of a middle manager is to be underworked and overpaid and then laid off when the numbers swell and the economy goes south.

Posted by ruprecht 2022-12-01 09:59|| 2022-12-01 09:59|| Front Page Top

#7 Continuing Jobless Claims Hit 10-Month Highs As Layoffs Exploded In November

Posted by Skidmark 2022-12-01 11:27|| 2022-12-01 11:27|| Front Page Top

#8 Fear Gauge Suggests US Labor Market May Break Soon

Posted by Skidmark 2022-12-01 11:28|| 2022-12-01 11:28|| Front Page Top

#9 and the Federation of Independent Business survey shows Biz is continuing to raise their compensation rates well into November 2022

https://www.nfib.com/foundations/research-center/monthly-reports/jobs-report/

Posted by Lord Garth 2022-12-01 15:04|| 2022-12-01 15:04|| Front Page Top

#10 The life of a middle manager is to be underworked and overpaid

At Mr. Wife’s international Fortune 100 company they started downsizing management in the 1980s, then got increasingly serious. About fifteen years ago he was managing the responsibilities that had previously been done by three at his level, with no increase in pay. Then a decade ago he was moved to another division; as far as I know, his responsibilities were divided among those of his peers who remained.

Posted by trailing wife 2022-12-01 16:17|| 2022-12-01 16:17|| Front Page Top

09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
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06:58 Besoeker
05:28 Whiskey Mike