Freezes and layoffs
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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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Over 121,000 this year in tech:
https://www.yahoo.com/news/comprehensive-list-2023-tech-layoffs-160908785.html
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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.
@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
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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
@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.
@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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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.
@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.
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@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.
@Axtremus said in Freezes and layoffs:
@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.
Interesting. I have never hear of that before. I can understand not taking down a posting because they forgot - that happens. But, dont understand why a company would want to do it just "because".
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McDonald's will be laying off corporate staff. It has temporarily shutdown US offices, told staff not to come into office so they can receive layoff news virtually.
