Corporate America Cuts Thousands of Jobs as Recession Looms
Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October. The highest since February 2021.
Some Corporate America plans for restructuring to navigate a potential downturn from the U.S. Federal Reserve's war on inflation involve downsizing
๐Amazon: 10K corporate & tech jobs
๐META: 13% or more the 11K tech jobs
๐Citibank Inc.: dozens within investment banking division
๐ Morgan Stanley:Fresh round of layoffs in the coming weeks.
๐ Intel Corp: โpeople actionsโ to reduce costs by $3B in 2023
๐ Microsoft Corp: 1,000 positions over several divisions this week
๐ Johnson & Johnson: looking to โright sizeโ themselves.
๐ Twitter Inc: 50% of workforce were laid off. Some may be asked to return.
๐ Lyft Inc: 13% or about 683 employees to be laid off. 60 were earlier this year.
๐ Warner Bros Discovery: 5%-10% in distribution and marketing
๐ Beyond Meats: 200 jobs to save $39M
๐ Stripe Inc: 14%, about 7,000 jobs
๐ Chime: 12% /160 jobs
๐ Opendoor Technologies Inc: 550 employees, on top of previous 883
๐ Phillips 66: 1,000 jobs to save $500M
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Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October. The highest since February 2021.
Some Corporate America plans for restructuring to navigate a potential downturn from the U.S. Federal Reserve's war on inflation involve downsizing
๐Amazon: 10K corporate & tech jobs
๐META: 13% or more the 11K tech jobs
๐Citibank Inc.: dozens within investment banking division
๐ Morgan Stanley:Fresh round of layoffs in the coming weeks.
๐ Intel Corp: โpeople actionsโ to reduce costs by $3B in 2023
๐ Microsoft Corp: 1,000 positions over several divisions this week
๐ Johnson & Johnson: looking to โright sizeโ themselves.
๐ Twitter Inc: 50% of workforce were laid off. Some may be asked to return.
๐ Lyft Inc: 13% or about 683 employees to be laid off. 60 were earlier this year.
๐ Warner Bros Discovery: 5%-10% in distribution and marketing
๐ Beyond Meats: 200 jobs to save $39M
๐ Stripe Inc: 14%, about 7,000 jobs
๐ Chime: 12% /160 jobs
๐ Opendoor Technologies Inc: 550 employees, on top of previous 883
๐ Phillips 66: 1,000 jobs to save $500M
Source
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Washington Free Beacon
Corporate America Cuts Thousands of Jobs as Recession Looms
(Reuters)โCorporate America is making deep cuts to its employee base as part of its restructuring efforts to navigate a potential downturn in the economy from the U.S. Federal Reserve's war on inflation.
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Reporter: "The president, basically, multiple times said every inch of NATO territory will be defended. Are you able to recommit to that?"
State Dept: "I just donโt want to speculate about any hypotheticals."
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State Dept: "I just donโt want to speculate about any hypotheticals."
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President Donald J. Trump Holds Special Announcement at the Mar-a-Lago Club
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Republicans retake control of the House in the United States.
https://thepostmillennial.com/breaking-republicans-take-the-house-of-representatives
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https://thepostmillennial.com/breaking-republicans-take-the-house-of-representatives
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The Post Millennial
BREAKING: Republicans take the House of Representatives
Republicans have won a majority in the US House with at least 218
seats
seats
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Trump files FEC forms to run for President of the United States in 2024.
https://docquery.fec.gov/cgi-bin/forms/C00828541/1661550
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https://docquery.fec.gov/cgi-bin/forms/C00828541/1661550
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Poland's president says it's "very likely" missile blast was from the Ukrainian air defense, calling it an "unfortunate accident."
NATO's Secretary General on Wednesday said the blast in Poland was likely caused by a Ukrainian air defense missile but that Russia was "ultimately responsible because it started the war."
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NATO's Secretary General on Wednesday said the blast in Poland was likely caused by a Ukrainian air defense missile but that Russia was "ultimately responsible because it started the war."
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Elon Musk issues an ultimatum to all Twitter employees in an email sent overnight: Commit to "extremely hardcore" work or get fired.
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Genesis' crypto lending unit halts withdrawals.
https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
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https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
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Coindesk
Genesisโ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
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Xi to Trudeau at G20: Everything discussed yesterday "has been leaked to the paper(s), thatโs not appropriate" and "thatโs not the way the conversation was conducted."
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Of course they are- House Democrats are attempting to block former President Donald Trump from running in the 2024 presidential election by invoking a constitutional amendment, according to Politico.
https://dailycaller.com/2022/11/16/democrats-amendment-to-block-trump/
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https://dailycaller.com/2022/11/16/democrats-amendment-to-block-trump/
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The Daily Caller
House Democrats Try To Block Trump From Running For President
House Democrats are attempting to block former President Donald Trump from running in the 2024 presidential election, according to Politico.
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Biden likes the biceps of a "Russian" at the G-20 summit in Bali, calls them "guns."
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Chuck Schumer calls for amnesty for "all 11 million" illegal migrants in the US, because the American population "is not reproducing on its own with the same level that it used to."
"We are short of workers," Schumer added.
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"We are short of workers," Schumer added.
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Russia "ultimately responsible" for Poland missile blast, whatever the final conclusion may be, says Austin.
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Chris Matthews on DJT:
โHeโs gonna be a menace to the Democrats (and) a menace to the other Republicans, cause heโs gonna be the angriest guy there. Vindictive as hell.โ
Precisely. Thatโs why we love him.
In the coming months, we are going to watch the Washington Establishment Uniparty go all-in to prevent DJT from being our President, like weโve never seen before.
Speak up.
Be loud.
Letโs. FUCKING. Go.
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โHeโs gonna be a menace to the Democrats (and) a menace to the other Republicans, cause heโs gonna be the angriest guy there. Vindictive as hell.โ
Precisely. Thatโs why we love him.
In the coming months, we are going to watch the Washington Establishment Uniparty go all-in to prevent DJT from being our President, like weโve never seen before.
Speak up.
Be loud.
Letโs. FUCKING. Go.
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MTG: "Iโm calling for an audit of every single penny that has been sent to Ukraine. This must be done as soon as possible for the American people. Taxpayers deserve transparency and they deserve to see where their money is going."
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Charlie Kirk and Rob McCoy dig into the idea of ballot harvesting, where itโs legal.
โHow can we use [legal] ballot harvesting as a way to beat the left at their own gameโฆโ
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โHow can we use [legal] ballot harvesting as a way to beat the left at their own gameโฆโ
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๐จBreaking: 62-37 votes, the U.S. Senate advances the Respect for Marriage Act, which would codify federal recognition of same-sex and interracial marriages.
12 Republicans voted "Yes" with all Democrats.
โข Blunt (MO)
โข Burr (NC)
โข Capito (WV)
โข Collins (ME)
โข Ernst (IA)
โข Lummis (WY)
โข Murkowski (AK)
โข Portman (OH)
โข Romney (UT)
โข Sullivan (AK)
โข Tillis (NC)
โข Young (IN)
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12 Republicans voted "Yes" with all Democrats.
โข Blunt (MO)
โข Burr (NC)
โข Capito (WV)
โข Collins (ME)
โข Ernst (IA)
โข Lummis (WY)
โข Murkowski (AK)
โข Portman (OH)
โข Romney (UT)
โข Sullivan (AK)
โข Tillis (NC)
โข Young (IN)
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