Freezes and layoffs

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 · "Now look here, you Baltic gas passer... " - Mik, 6/14/08

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.

George K · "Now look here, you Baltic gas passer... " - Mik, 6/14/08

Yahoo to lay off 20%

https://www.cnn.com/2023/02/09/tech/yahoo-layoffs/index.html

Yahoo still exists? Who knew?

George K · "Now look here, you Baltic gas passer... " - Mik, 6/14/08

89th

Not sure what I love more:

The letter clearly says its confidential and internal only
A CEO who uses lowercase initials to sign an important letter
The phrase "...we need to take cost out of everything we do.... just like we did with safety..."

Jolly

@George-K said in Freezes and layoffs:

EV's FTW!

Copper

WASHINGTON, Jan 4 (Reuters) - Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales since 1931.

Toyota sold 2.332 million vehicles in the United States in 2021, compared to 2.218 million for General Motors, the automakers said Tuesday.

When I worked at GM we were on the Fortune 1 list.

Since I left, things have changed.

https://www.reuters.com/business/autos-transportation/after-90-years-top-gm-is-no-longer-no-1-automaker-america-2022-01-04/

Axtremus

https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
...
The number of Americans who applied for unemployment benefits last week sank to 192,000 and returned close to historic lows, suggesting that layoffs in the U.S. remain quite low despite more stress on the economy.
...

Government data: https://www.dol.gov/ui/data.pdf?mod=ANLink