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Have you noticed that the pace of layoff announcements has gotten rather fast and furious lately? Many of the biggest companies in the entire country are now conducting mass firings, and this is reminding many analysts of what we witnessed back in 2008. During the “Great Recession”, millions of Americans ultimately lost their jobs. Will we see a similar thing happen this time around? Let’s hope not, but right now the signs are not encouraging. The following are 10 major layoff announcements which have all happened within the past 10 days…
#1 Gannett (the owner of USA TODAY)
Gannett, the owner of USA TODAY and local news operations in 45 states, announced Thursday another round of job cuts in the company’s news division after a third-quarter loss and an earlier series of cost-cutting measures.
The company, which plans to cut 6% of its estimated 3,440 staff in the news division, will notify affected employees on Dec. 1 and 2.
#2 Roku
Roku is the latest technology and media player to slash jobs, revealing in a securities filing Thursday that it plans to reduce its workforce by about 5 percent, or about 200 jobs.
#3 CNN
CNN CEO Chris Licht had to speak to employees during a tense company town hall on Tuesday as the network faces layoffs by early December after he was tasked with finding ways to cut costs.
Licht, 51, addressed questions surrounding the cuts after he previously indicated during the summer that CNN would not face any need to fire staff.
#4 Cisco
Cisco Systems Inc.’s stock rose in extended trading Wednesday after the networking-technology company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance.
Still, Cisco Chief Financial Officer Scott Herren announced a “limited business restructuring,” to be shared with employees on Thursday, that will right-size its real-estate portfolio and impact about 5% of its 80,000 workers worldwide — or 4,000 people.
Coffee the Christian way: Promised Grounds
Louisville-based employer GE Appliances is planning to lay off 5% of its salaried workforce in coming weeks, the company confirmed to The Courier Journal.
The cost of keeping the company running has risen for several reasons, according to GE Appliances spokesperson Julie Wood, which has caused the business to look into money-saving measures.
#6 Asana
The layoffs in the tech sector just keep piling up.
On Tuesday, project management software provider Asana announced “the difficult decision” to cut its workforce by 9% as part of a broader corporate restructuring program.
Lifestyle media company Outside Media, which houses titles including Backpacker, Ski and Climbing, laid off 12% of its workforce Tuesday, according to a memo sent by founder and CEO Robin Thurston.
#8 Lyft
The layoffs that had been announced last week were confirmed Thursday at local tech company Lyft, raising questions about what the loss of jobs will mean for the wider Bay Area economy.
Ride-hailing app company Lyft confirmed the layoffs to KPIX. Lyft is eliminating 227 jobs.
#9 Twitter
After laying off 50 percent of the company’s employees, Elon Musk has turned his attention to Twitter’s contract workers. According to separate reports from Platformer’s Casey Newton and Axios, the social media platform began reducing its contingent staff on Saturday afternoon. After a period of uncertainty about the scale of the job cuts, Newton put the number at approximately 4,400 affected individuals.
#10 Amazon
Amazon workers were left in chaos after they learned they were the first of the expected 10,000 to be laid off in a 15-minute meeting with executives.
News of the coming layoffs broke on Monday, with employees getting a calendar invitation to the quick, scripted meeting with executives on Tuesday, specifically members of the Alexa voice assistant division.
In that list I didn’t even mention the layoffs at Facebook which could end up being the biggest of them all.
Of course this is just the tip of the iceberg. If the Federal Reserve continues to raise interest rates, what we will see in 2023 and beyond is likely to be far worse.
The U.S. economy is already slowing down dramatically, but the Fed seems determined to hike interest rates even higher.
They are committing economic malpractice right in front of our eyes, and what they are doing is going to severely hurt countless numbers of our fellow citizens.
***It is finally here! Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael and my brand new book entitled “End Times” is now available on Amazon.com. In addition to my new book I have written six other books that are available on Amazon.com including “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. (#CommissionsEarned) When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending copies as gifts to family and friends. Time is short, and I need help getting these warnings into the hands of as many people as possible.
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I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is definitely a great help. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, I strongly urge you to invite Jesus Christ to be your Lord and Savior today.
Article cross-posted from The Economic Collapse Blog.
Conor McGregor Announces That He’s Running for President of Ireland
by PJ Media
The former Irish Ultimate Fighting Championship (UFC) lightweight champion, Conor McGregor, is once again saying he is exploring a potential run for the President of Ireland, with a promise to throw out the “charlatans in their positions of power” in Ireland’s lower legislative house, the Dáil. McGregor had previously hinted…
An Abusive ‘Cult’ Masquerading as Education: Harvard’s New ‘Queer’ Course Sparks Outcry From Experts
by Harbingers Daily
The cult of “queer” is getting stronger. As tens of millions of American children struggle with reading and millions more deal with sex abuse at the hands of “educators,” Harvard University’s Graduate School of Education will teach future teachers how to combat the alleged evils of “heteronormativity” and “cisnormativity” in…
Grassley Drops FBI Records on Iranian-Backed Assassination Plots Against Trump, Biden, and Haley
by Just The News
Republican Iowa Sen. Chuck Grassley on Thursday released FBI records from a whistleblower on the alleged Iranian-backed assassination plots against President Joe Biden, former President Donald Trump, and Nikki Haley. The assassination plots were allegedly in retaliation for the death of Iran’s Revolutionary Guard Corp officer Qasem Soleimani, who was…
Germany Considering Sending Illegal Migrants to Rwanda Camps Set up for the UK and Abandoned by Starmer’s Labour Government
by The Gateway Pundit
With Chancellor Olaf Schulz and his ‘traffic light’ coalition enjoying dismal poll numbers, and with the recent victories by the Eurosceptics right-wingers of AfD in Eastern states, Germany’s government has decided to at least pretend to do something about one of the most concerning issues for the population: unchecked mass…
Great Replacement Job Shock: 1.3 Million Native-Born Americans Just Lost Their Jobs, Replaced by 635,000 Immigrants
by Tyler Durden, Zero Hedge
(Zero Hedge)—At the start of the year, many months after we first pointed out that the biggest untold story of the US labor market was the “great replacement” of native born workers with foreign-born workers (most of whom we subsequently learned were illegal aliens), we asked how is the great…
As Concerns Over the Recession Grow, a Faith-Driven Gold IRA Company Offers Unique Solutions
by Sponsored Post
Depending on which economist you ask, we are either in a recession or are about to be in one. The definition of “recession” has been adjusted so many times over the past couple of years that it has become a punchline, albeit one that’s not very funny for average Americans…
NY’s Chinese Consul General No Longer in Position After Former Hochul Aide Charged as Spy
by Zero Hedge
New York Gov. Kathy Hochul said on Sept. 4 that Chinese consul general Huang Ping is no longer holding his position after her request to the U.S. State Department that he be ousted. The State Department said the diplomat left because he reached the end of a regularly scheduled rotation….
7 Cover Stories Big Pharma Forced on MSM to Hide Disastrous Health Consequences of mRNA Clot Shots
by S.D. Wells, Natural News
(Natural News)—If you are wondering why mainstream media is finally publishing some science-based facts about the health detriment caused by commonly used products, that is because MSM is engaged in multi-faceted cover stories while they continue to pretend the Covid-19 mRNA jabs aren’t so bad. Remember, Covid-19 did not kill…
Pope Francis Kisses Hand of Muslim Imam, Declares All Religions ‘Have a Role to Play’
by Western Journal
Pope Francis is embarking upon a 12-day trip through four nations in Southeast Asia and Oceania. His intent with the voyage is to pledge the Catholic Church will combat religious violence while inspiring stronger ties to other religions. On Thursday, the Associated Press reported the Pope made his first stop…
Elon Connects the Dots in Dems’ Election Fraud Plot, and He’s 100% Spot-on
by Revolver News
If you claim you want to save “precious democracy,” shouldn’t securing elections be the number one priority? Because without secure elections, there is no “precious democracy” to even save, right? This should be the question every media hack grills the Dems on, over and over again—but they never will. Why?…
Trump Says He Will Help Israel Survive ‘for Thousands of Years’
by Nathan Worcester, The Epoch Times
(The Epoch Times)—Former President Donald Trump said at the Republican Jewish Coalition Leadership Summit on Thursday that he is committed to helping the State of Israel survive for the long haul. “I will put America first. I will keep America safe, and I will work with you to make sure…
Meta Oversight Board Says ‘River to the Sea’ Not Inherently Hate Speech
by Zero Hedge
In a development that will be cheered by those who promote open discourse on social media platforms and condemned by ardent supporters of the State of Israel, Meta’s independent Oversight Board for Instagram and Facebook on Wednesday ruled that the controversial slogan “from the river to the sea” is not…
Volkswagen Considers Shutting Down a German Factory for the First Time in History After Overestimating the EV Market
by Owen Klinsky, DCNF
(DCNF)—Volkswagen (VW) AG is considering shuttering factories in Germany as European car companies struggle to compete with Chinese electric vehicle (EV) manufacturers. The company has not closed a German plant in its entire 87-year history, but facing a slowdown in European car sales and stiff competition from Chinese EV maker…
Here’s How the Biden-Harris Open Border Has WILDLY Changed the U.S. Labor Market
by The National Pulse
Data produced by the U.S. Congressional Budget Office (CBO)—and based on census numbers—is shedding more light on claims that a bulk of American job growth under the Biden–Harris government hasn’t gone to or benefited native-born Americans at all. The CBO numbers reveal that labor force participation among foreign-born residents has…
Netanyahu Humiliates White House: ‘There’s No Gaza Deal In The Making… It’s Not Close’
by Zero Hedge
Israeli Prime Minister Benjamin Netanyahu on Thursday issued a bombshell of a statement which constitutes a glaring contradiction of the White House narrative on how things are going with Hamas negotiations toward a ceasefire deal. “There’s not a deal in the making,” he told Fox News. “Unfortunately, it’s not close.”…
It’s Spreading: America’s Top Oil Field Terrorized by Armed Cuban and Venezuelan Gangs
by Tyler Durden, Zero Hedge
(ZeroHedge)—It’s only going to get worse from here, as the Biden-Harris administration’s disastrous open border policies have now come to a ‘neighborhood near you’ (for some of you). In the past week, we saw armed Venezuelan prison gang Tren de Aragua members terrorize the northern Denver suburb of Aurora and…
Major Study Discovers ‘Off Switch’ for Covid mRNA Shots
by Slay News
A group of eminent medical experts and leading scientific researchers has announced a major breakthrough after a groundbreaking study discovered an “off switch” for Covid mRNA shots. The historic discovery, which offers hope to the billions of people around the world who have been injected with the “vaccines,” was revealed…
James Carville Suggests Fact-Checkers Abandon “Impartial” Reporting to “Help Save Constitution” From Republicans
by Daily Caller
(DCNF)—Democratic strategist James Carville on Thursday suggested that fact-checkers should focus their reporting on “Republicans” to assist in rescuing the U.S. Constitution. In a June episode of his “Politics War Room” podcast, Carville advocated for media outlets to increase their “slanted” coverage of former President Donald Trump to prevent his…
Budget-Friendly Tips to up Your Prepper Game
by Natural News
As a prepper, one of your main goals is to prepare for different emergencies. But prepping goes beyond preparing for cataclysmic events like earthquakes or societal collapse. You can also prepare for smaller-scale emergencies like power outages or unexpected personal financial crises. One of the best ways to prepare for…