Freezes and layoffs
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wrote on 6 Feb 2023, 15:41 last edited by
@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.
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wrote on 10 Feb 2023, 20:41 last edited by
Yahoo to lay off 20%
https://www.cnn.com/2023/02/09/tech/yahoo-layoffs/index.html
Yahoo still exists? Who knew?
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wrote on 9 Mar 2023, 18:41 last edited by George K 3 Sept 2023, 18:41
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wrote on 9 Mar 2023, 18:48 last edited by
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..."
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wrote on 9 Mar 2023, 18:49 last edited by
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wrote on 9 Mar 2023, 19:30 last edited by
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.
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wrote on 16 Mar 2023, 14:43 last edited by
https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
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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
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wrote on 21 Mar 2023, 11:30 last edited by
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wrote on 21 Mar 2023, 12:10 last edited by
7,000 at Disney and ESPN...
https://nypost.com/2023/03/20/espn-layoffs-are-coming-and-nearly-everyone-is-vulnerable/
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wrote on 21 Mar 2023, 12:13 last edited by
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wrote on 21 Mar 2023, 12:15 last edited by
Over 121,000 this year in tech:
https://www.yahoo.com/news/comprehensive-list-2023-tech-layoffs-160908785.html
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wrote on 21 Mar 2023, 12:35 last edited by
I wonder if they’re trying to get ahead of AI layoffs. The more they lay off now, the fewer they need to lay off later.
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wrote on 21 Mar 2023, 12:52 last edited by
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I wonder if they’re trying to get ahead of AI layoffs. The more they lay off now, the fewer they need to lay off later.
wrote on 21 Mar 2023, 12:58 last edited by@Horace said in Freezes and layoffs:
I wonder if they’re trying to get ahead of AI layoffs. The more they lay off now, the fewer they need to lay off later.
I would doubt it. These things take a lot of time for large companies to figure out and sign off on. Total speculation, but I think we'll officially be in the shit due to AI by the end of this year.
I'm so glad our government is working hard on a solution to this.
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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
wrote on 21 Mar 2023, 13:05 last edited by@Axtremus said in Freezes and layoffs:
https://www.marketwatch.com/story/jobless-claims-tumble-to-192-000-and-show-no-sign-of-rising-layoffs-a2a78aa2
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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
I'm sure Ax will chime in just any second, with new data points to buttress the argument that the economy is doing well.
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@Axtremus said in Freezes and layoffs:
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
I'm sure Ax will chime in just any second, with new data points to buttress the argument that the economy is doing well.
wrote on 21 Mar 2023, 13:55 last edited by@Jolly https://www.cbsnews.com/amp/news/layoff-workers-how-are-they-doing/
"Most laid-off workers today are quickly finding new jobs, survey shows"
...You see high profile layoffs in headlines, yet the unemployment rate stays historically low. Try not to confuse anecdotes with statistics.
If you really like anecdotes, try checking with your local hospitals, restaurants, schools, or just local employers in general to see if they are still facing labor shortage and/or increasing wage pressures, then compare that with the high profile layoff headlines you read in the news.
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wrote on 21 Mar 2023, 14:37 last edited by
BTW, I assume the laid-off workers are finding jobs that pay as much or more than their old jobs.
AmIright?
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wrote on 21 Mar 2023, 14:44 last edited by
From the companies we've been talking about, mostly tech? Yeah. I think so.
AI is a long way off from taking many skill positions.
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wrote on 23 Mar 2023, 00:17 last edited by
I know a guy that works for Amazon in the cloud area. Mid 20's, well paid. Computer science background. Looking for a new job (even started before all the layoffs). He told me that at least the ads are indicating that jobs he would be interested are coming close to what he makes at Amazon. Whether these jobs offers will still be there a month from now is a question mark.
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I know a guy that works for Amazon in the cloud area. Mid 20's, well paid. Computer science background. Looking for a new job (even started before all the layoffs). He told me that at least the ads are indicating that jobs he would be interested are coming close to what he makes at Amazon. Whether these jobs offers will still be there a month from now is a question mark.
wrote on 23 Mar 2023, 02:27 last edited by@taiwan_girl said in Freezes and layoffs:
He told me that at least the ads are indicating that jobs he would be interested are coming close to what he makes at Amazon. Whether these jobs offers will still be there a month from now is a question mark.
Have to beware of "ghost jobs" -- job openings that are advertised but for which the employers have no intention of actually hiring. "Ghost jobs" is not a new phenomenon, their numbers just go up or down depending on the economy and how the employers want to play mind games with the employees; sometimes it's also just because the hiring manager neglected to take down the advertisement after the company decided to not hire, or the hiring manager himself got fired and no one gets around to taking down the advertisement. "Ghost jobs" also wreak havoc for economists using advertised job openings to analyze the job market.
