And almost nobody is talking about it.
Finance and insurance job openings collapsed by 117,000 in a single month.
The largest monthly decline during the entire 2008 crash was 125,000.
We're nearly there in one month, without a crisis.
Total finance job openings are now 134,000, the lowest since 2012.
Down 75% from the 2022 peak and 410,000 openings have vanished.
Fewer than 2 out of every 100 finance jobs in America are vacant right now.
That's the lowest rate this century, lower than the dot-com bust and than post-9/11.
Only the 2009 collapse was worse by barely.
Meanwhile, Morgan Stanley just cut 2,500 workers after a record revenue year.
Citigroup is eliminating 20,000 jobs by year end.
BlackRock cut hundreds in January.
Jack Dorsey fired 4,000 people at Block and said the quiet part out loud, AI did it.
His stock jumped 25% and Wall Street didn't mourn the layoffs but instead it rewarded them.
Goldman Sachs is now warning that AI-driven job losses could push unemployment to 4.5% or higher this year.
The finance industry isn't downsizing because it's losing money.
It's downsizing because machines are replacing the people who make the money.
Please open Telegram to view this post
VIEW IN TELEGRAM
β€3
This media is not supported in your browser
VIEW IN TELEGRAM
π«π· The rich and powerful seemingly reenact Epstein Island ceremonies during Paris Fashion Week.
It's right in our faces! Shameless
It's right in our faces! Shameless
π10π1
This media is not supported in your browser
VIEW IN TELEGRAM
π«π· The rich and powerful elite have no time for the Iran war and oil crisisβ¦ theyβre busy with the Paris fashion show.
β€1π1
Forwarded from DoomPosting
CENTCOM reports the death of the seventh serviceman during Operation "Epic Fury" against Iran.
According to an official statement, the serviceman died last night from severe injuries received at a military facility in Saudi Arabia on March 1. His personal details and unit are not being disclosed at this time.
The names of two identified deceased servicemen of the 103rd MTO Command, whose bodies were recovered from the ruins of a command post in Shuwaibah port in Kuwait, have also been announced: Major Jeffrey O'Brien and Senior Warrant Officer 3rd Class Robert Marzan.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
According to an official statement, the serviceman died last night from severe injuries received at a military facility in Saudi Arabia on March 1. His personal details and unit are not being disclosed at this time.
The names of two identified deceased servicemen of the 103rd MTO Command, whose bodies were recovered from the ruins of a command post in Shuwaibah port in Kuwait, have also been announced: Major Jeffrey O'Brien and Senior Warrant Officer 3rd Class Robert Marzan.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
β€1
Forwarded from DoomPosting
This media is not supported in your browser
VIEW IN TELEGRAM
BREAKING:
The bomb squad is responding to an incident at 82nd Street and East End Avenue, roughly 6 blocks from Gracie Mansion in NYC.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
The bomb squad is responding to an incident at 82nd Street and East End Avenue, roughly 6 blocks from Gracie Mansion in NYC.
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
Forwarded from DoomPosting
JUST IN: Israel assassinates five senior IRGC Quds Force commanders in precise strike in Beirut
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ
π³πΎπΎπΌπΏπ€π π πΈπ½πΆ