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Another Round of Mass Firings at Tesla, Sales Must Be Imploding
Another Round of Mass Firings at Tesla, Sales Must Be Imploding Tesla announced yet another round of layoffs today. News came in the typical way, an email starting “Hello Employee”. It seems “Hello Ex-Employee” would be more fitting. Another 10,000 Employees Don’t worry, it’s just another 10,000 employees. Almost Like Vaporware Clearly this is 4-D […]
Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate
Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed. U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to remain at deeply suppressed levels […]
No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse.
No, The U.S. Economy Will Definitely Not Be Returning To “Normal”. In Fact, Things Will Soon Get Even Worse. 2020 has been quite a year so far. It has been one nightmare after another, and yet the economic optimists continue to insist that economic activity will soon snap back to normal levels somehow. So the […]
Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control?
Most U.S. States Have ‘Reopened’ Their Economies, So Why Does Unemployment Continue To Spiral Out Of Control? This wasn’t supposed to happen. Once states started to “reopen” their economies, the tsunami of unemployment was supposed to end. But instead, we continue to see Americans lose jobs at a pace that is far beyond anything we […]
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression
10 Numbers That Show The U.S. Has Fallen Into A Horrifying Economic Depression The last recession was really, really bad, but it was never like this. It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression. This is already the worst economic downturn that […]
We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs
We Are Witnessing Economic Carnage Like We Have Never Seen Before, And The Economy Is Going To Continue To Bleed Jobs Now we are up to 33.5 million jobs lost. In just 7 weeks, the U.S. economy has been completely turned upside down, and the numbers are unlike anything that we have ever seen before. […]
The UN Is Now Admitting That This Coronavirus Pandemic Could Spark Famines Of “Biblical Proportions”
The UN Is Now Admitting That This Coronavirus Pandemic Could Spark Famines Of “Biblical Proportions” What the head of the UN’s World Food Program just said should be making front page headlines all over the globe. Because if what he is claiming is true, we are about to see global food shortages on a scale […]
Uh Oh: U.S. Layoffs Rise 38 Percent – Highest Level For August Since 2009
Uh Oh: U.S. Layoffs Rise 38 Percent – Highest Level For August Since 2009 We continue to get more numbers that indicate that U.S. economic activity is really starting to slow down. According to Challenger, Gray & Christmas, the number of layoffs in the United States was 38 percent higher in August than it was […]
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April
The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April Should we be alarmed that the number of job cuts announced by large U.S. companies was 35 percent higher in April than it was in March? This is definitely a case where the trend is not our friend. According […]
China: A 5-Year Plan And 50 Million Jobs Lost
China: A 5-Year Plan And 50 Million Jobs Lost Arnold Genthe San Francisco , Chinatown. The street of the gamblers at night 1900China never had an actual economic model or growth model. It simply printed an obscene amount of money, especially after 2008, and used it to build factories, 30-story see-through apartment blocks and highways into nowhere […]
Halliburton Cuts 5,000 Jobs, 8% Of Workforce
Halliburton Cuts 5,000 Jobs, 8% Of Workforce It turns out oilfield services isn’t a good place to be during epic crude downturns. Halliburton – which cut thousands upon thousands of jobs in 2015 – is back it, announcing an additional 5,000 layoffs on Thursdsay. The cuts amount to 8% of the company’s remaining workforce. We say “remaining” because as […]
Husky layoffs confirmed as Calgary company continues cost-cutting
Husky layoffs confirmed as Calgary company continues cost-cutting Latest round of cuts hits Alberta’s energy industry as oil prices remain low More job cuts were announced for Husky Energy on Tuesday as the company looks to weather the current downturn. (CBC) Calgary-based Husky Energy says layoffs were announced today to ensure the company’s resilience during low oil […]
Mass Layoffs To Return With A Vengeance
Eric Von Seggern/Shutterstock Mass Layoffs To Return With A Vengeance How safe is your job? Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and […]
China Warns “Social Stability Threatened” As 400,000 Steel Workers Are About To Lose Their Jobs
China Warns “Social Stability Threatened” As 400,000 Steel Workers Are About To Lose Their Jobs In late September, we were stunned to read (and report) that in the first mega-layoff in recent Chinese history, the Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group for short, the biggest met coal miner in northeast China had […]
