Freezes and layoffs

[Axtremus]

https://www.theguardian.com/us-news/2022/nov/26/united-furniture-industries-fires-workers-asleep

2700 workers fired by text overnight by United Furniture Industries (UFI), a furniture company based in Mississippi, before Thanksgiving.

[George K]

Microsoft Lays Off 10,000

Microsoft Corp said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy.

Chief Executive Satya Nadella said in a blog post to employees that the layoffs would affect less than 5% of the company’s global workforce.

—Updates to follow as news develops.

[Horace]

1 in 20 jobs across a company of that size, is huge.

[George K]

@George-K said in Freezes and layoffs:

Amazon's not freezing corporate workers, they're laying them off:

Amazon Inc. is preparing layoffs that could total about 10,000 workers as the company continues a broad cost-cutting review led by Chief Executive Andy Jassy, a person familiar with the matter said.

Not 10,000.

18,000.

https://www.bloomberg.com/news/articles/2023-01-18/amazon-is-set-for-new-round-of-job-cuts-affecting-18-000-people?leadSource=uverify wall

Amazon.com Inc. has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe.
Amazon began notifying employees by email early Wednesday, Doug Herrington, the company’s worldwide retail chief, said in a memo. He said the company aimed to communicate with all laid-off workers in the US, Canada and Costa Rica by the end of the day. Notifications in China will be sent after the Chinese New Year, and in other regions the company must consult with employee representatives before finalizing layoffs.
The world’s largest e-commerce company is grappling with slowing online sales growth and bracing for a possible recession that could affect the spending power of its customers. Microsoft Corp. announced it was cutting 10,000 jobs Wednesday, becoming the latest in a long line of tech companies to trim its ranks.
Herrington said Amazon’s cuts were part of an effort to lower costs “so we can continue investing in the wide selection, low prices and fast shipping that our customers love.” He said the company would “continue investing meaningfully” in growth areas including groceries, Amazon’s business-to-business sales program, services for third-party sellers and healthcare.
The eliminations started last year and initially fell hardest on Amazon’s Devices and Services group, which builds the Alexa digital assistant and Echo smart speakers. The latest round will mostly affect the retail division and human resources.
While the cuts represent only about 1% of the total workforce, which includes hundreds of thousands of hourly warehouse and delivery personnel, they amount to about 6% of Amazon’s 350,000 corporate employees around the globe.

[George K]

Google/Alphabet - 12,000 jobs cut.

https://www.nytimes.com/2023/01/20/business/google-alphabet-layoffs.html?te=1&nl=from-the-times&emc=edit_ufn_20230120

[Jolly]

Salesforce is laying off 8000...

[Jolly]

Goldman Sach's is laying off something over 3000.

[jon-nyc]

@George-K said in Freezes and layoffs:

Google/Alphabet - 12,000 jobs cut.

https://www.nytimes.com/2023/01/20/business/google-alphabet-layoffs.html?te=1&nl=from-the-times&emc=edit_ufn_20230120

That’s cold.

[LuFins Dad]

[jon-nyc]

This all seems so unnecessary, even for a 12,000 person layoff.

[Aqua Letifer]

"Don't be evil" is now more hilarious.

[jon-nyc]

Yeah though it’s not so much evil as dickish and unnecessarily so. It would have cost them nothing to do this with some dignity and grace.

[George K]

Dell to Cut 5% of Workforce

The cuts would amount to some 6,600 jobs, based on the 133,000 total workers that the company reported having in early 2022, its most recent disclosed figure.

“Market conditions continue to erode with an uncertain future,” Jeff Clarke, Dell’s co-chief operating officer, said Monday in a memo to employees. He said the company had already paused hiring, limited employee travel and reduced spending on outside services. Those steps, he said, “are no longer enough.”

[Jolly]

The economy is doing fine.

Joe will tell us that in the SOTU address.

[Axtremus]

Fantastic U.S. Jobs Report (January 2023).

[Jolly]

Of course it is.

[taiwan_girl]

As I have asked before, what do you people use to measure the US economy?

If it is layoffs at Dell, maybe it is not doing so well.
If it is unemployment rate, maybe it is doing well.

I am sure if President Trump were in office, the comment about "the economy doing fine. Donald will tell us that in the SOTU address" would have come from @Axtremus and @Jolly would have responded with the January jobs report. 555

[Aqua Letifer]

@taiwan_girl said in Freezes and layoffs:

As I have asked before, what do you people use to measure the US economy?

If it is layoffs at Dell, maybe it is not doing so well.
If it is unemployment rate, maybe it is doing well.

I am sure if President Trump were in office, the comment about "the economy doing fine. Donald will tell us that in the SOTU address" would have come from @Axtremus and @Jolly would have responded with the January jobs report. 555

I'll be absolutely fucking amazed if we don't have sustained double-digit employment shrinkage in the next 5 years. I'm not an economist and I have no idea what I'm talking about, but I don't see how we're going to avoid it. I'd love to be wrong, though.

[Jolly]

Tell that to the kiosk at McDonald's.

[Aqua Letifer]

@Jolly said in Freezes and layoffs:

Tell that to the kiosk at McDonald's.

@Jolly said in Freezes and layoffs:

Tell that to the kiosk at McDonald's.

Can't. Might not be able to afford it.