Based Underground is now a conservative news aggregator AND curated newsletter.
If you want to believe that propaganda that is coming from the Biden administration, you probably won’t want to read this article. Joe Biden insists that “Bidenomics” is working and that a wonderful new era of peace and prosperity is just around the corner. Meanwhile, inflation is out of control, homelessness is rising to very frightening levels, the commercial real estate market is imploding, and large companies are conducting mass layoffs all over America. In fact, tech companies have already laid off more workers in 2023 than they did all of last year…
More than 219,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.
That number has gone up more than eightfold since mid-January, the website noted.
The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 869 tech companies laying off 219,809 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.
For some of our largest tech companies, one round of layoffs was simply not enough.
For example, after laying off 10,000 workers earlier this year, Microsoft has decided that another round of layoffs has now become necessary…
Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.
The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year.
Meta, the parent company of Facebook, has already conducted three rounds of layoffs so far in 2023…
Facebook parent Meta Platforms Inc. (META) also made its latest round of layoffs in late May, according to reports, marking the tech giant’s third set of cuts this year. Meta declined to comment in response to a request from MarketWatch for confirmation of the latest layoffs. The company’s second round of layoffs in April cut technical positions, according to LinkedIn posts. Meta is in the midst of cutting 21,000 jobs in 2023 as part of what CEO Mark Zuckerberg has described as a “year of efficiency” for the company.
What we are witnessing is complete and utter carnage, but the mainstream media is not making a big deal out of all this.
After all, it wouldn’t be good to make Joe Biden look bad, would it?
But no matter what sort of positive spin the Biden administration tries to put on things, the layoffs just keep on coming. For example, on Friday we learned that Binance has decided to give the axe to more than 1,000 highly paid workers…
Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told Reuters on Friday.
The layoffs at the world’s biggest crypto exchange come at a time when the industry’s future in the U.S. market is uncertain, with regulators aggressively clamping down on what they deem are illegal activities.
The job cuts were first reported by the Wall Street Journal, which said more than 1,000 people had been let go in recent weeks.
I could go on with example after example.
Goldman Sachs has decided to lay off workers, and so has Wells Fargo. And now that Tucker Carlson is gone, Fox News has determined that this is the perfect time to conduct “company-wide” layoffs…
Fox News is reportedly beginning “company-wide” layoffs, including of the remaining former employees of Tucker Carlson.
The development was reported on Friday by journalist and Carlson biographer Chadwick Moore, who published a screenshot of an email informing employees of the impending action.
The email ordered the recipients to turn in all company equipment and their ID badges at 9 p.m. after the conclusion of the show they were working on.
It is beginning to look a lot like 2008, and there will be so many heartbreaking stories in the months ahead.
- Concerned about your life’s savings as the multiple challenges decimate retirement accounts? You’re not alone. Find out how Genesis Precious Metals can help you secure your wealth with a proper self-directed IRA backed by physical precious metals.
Bankruptcies are surging, and vast numbers of businesses are starting to fail. In San Francisco, Anchor Brewery will be ceasing operations after 127 years in business, and so all of their workers will be losing their jobs…
After 127 years in business, San Francisco’s Anchor Brewing Company is shutting down.
According to a press release, the brewery has been facing challenging economic factors and declining sales since 2016.
“This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” Anchor Brewing spokesperson Sam Singer said. “We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.”
But even though they can see what is happening, officials at the Federal Reserve just keep telling us that more interest rate hikes are coming.
They insist that they can dramatically hike interest rates and engineer a “soft landing” for the economy at the same time, but many are skeptical of this claim…
Can the Federal Reserve navigate a narrow path and slay price inflation while steering the economy to a soft landing?
During an interview on CNBC Squawk Box, financial analyst Jim Grant expressed his doubts.
He compared Jerome Powell’s task to Captain Chelsey Sullenberger’s when he was forced to land a US Airways plane on the Hudson River after an inflight emergency, noting Powell is “no Sully.”
Grant went on to explain that even if things don’t look so bad right now, rivets are popping in the economy.
Yes, rivets are definitely popping, and things are only going to get worse in the months ahead.
But just like Joe Biden, officials at the Fed insist that everything is just fine.
In fact, the Federal Reserve says that Taylor Swift is boosting the U.S. economy all by herself.
Apparently her concert tour is so popular that it is greatly energizing the local economy at each stop.
Good for her.
But Taylor Swift is not going to save us from what is coming.
Neither is Joe Biden.
The truth is that the U.S. economy is already starting to come apart at the seams, and the layoffs that we have seen so far are just the tip of the iceberg.
Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Survival Beef on sale now. Freeze dried Ribeye, NY Strip, and Premium beef cubes. Promo code “jdr” at checkout for 25% off! SpreelyBeef.com
Article cross-posted from The Economic Collapse Blog.
Does Donald Trump REALLY Have This Election “In the Bag”?
by JD Rucker
No. Stop it. Remember 2020. Remember the tens of millions of illegal aliens, 14% of whom are apparently registering to vote. Remember that while most states can report results in less than a day, for some reason battleground states like Pennsylvania and Georgia are incapable of reporting for days or…
Daniel Penny Subway Chokehold Trial Begins
by Zero Hedge
Jordan Neely’s death in a crowded Manhattan subway car made worldwide headlines in May 2023, after bystander footage showed former Marine Daniel Penny restraining the erratic homeless man in a fatal chokehold. The case is finally set to go to trial, with jury selection beginning Monday. Penny, who has argued…
You Can’t Get Blood Out of a Stone: U.S. Consumers Have Been Squeezed Bone Dry as the U.S. Economy Falters
by Michael Snyder
(The Economic Collapse Blog)—A recent survey discovered that 79 percent of Americans believe that the U.S. is on the wrong track right now. As a nation, we may not agree on much, but this is one thing that almost all of us can agree on. Needless to say, the economy is…
US Investigating Leak of Israeli Attack Plans for Iran
by Publius
The United States government is currently engaged in an investigation concerning the unauthorized release of classified documents that detail Israel’s planned military attack against Iran, as reported by The Associated Press. These sensitive documents, attributed to both the U.S. Geospatial Intelligence Agency and the National Security Agency, indicate that Israel…
Bank of America Sees Gold Breaking $3,000 Sooner Rather Than Later
by Sponsored Post
Gold has recently experienced a remarkable resurgence, setting record highs and drawing renewed attention from both retail and institutional investors. This shift comes as traditional safe-haven assets are increasingly perceived to be under threat. Strategists at Bank of America suggest that investors, including central banks, should consider reallocating into gold…
Texas DPS Encounter Group of 30 Illegal Aliens with 3 Unaccompanied Minors and 3 Special Interest Illegals
by The Gateway Pundit
Texas DPS apprehended a group of 30 illegal aliens on Sunday in Maverick County. In the group were 3 unaccompanied minors and 3 illegals from the “special interest” countries of Iran and Guinea. Special interest refers to countries that pose a threat to United States national security including potential terrorist…
‘Nightmarish Scenario:” Creeps Can Produce AI-Generated Deepfake Nudes of Anyone With a Few Clicks
by Breitbart
Online AI chatbots are enabling users to generate explicit nude photos of real people with just a few clicks, raising alarms among experts about a looming “nightmarish scenario.” A recent investigation by Wired has uncovered a disturbing trend on the messaging app Telegram, where dozens of AI-powered chatbots are allowing…
Elon Musk Goes All-in for Trump at Huge Pittsburgh Rally, Says ‘Stakes Are Too High’ to Remain Politically Neutral
by The Post Millennial
Elon Musk was in Pennsylvania Sunday along with Republican presidential candidate Donald Trump to tell Keystone State voters that although he might “hate politics” he’s engaging in it right now because “the stakes are too high that … I feel I have no choice.” “Yeah, anyway, so I’m dramatically increasing…
Fake Meat Industry Now Demanding Public Subsidies Due to Lack of Customer Interest
by Ramon Tomey
(Natural News)—The fake meat industry is now demanding public subsidies to prop itself up, given that customers have spoken with their wallets and said “no” to lab-grown meat. Data from AgFunderNews cited by the National Pulse reveals that the industry is in dire straits due to dwindling money. Funding for the lab-grown meat sector peaked…
Dominion Voting Systems Issues a Chilling Warning to Conservatives Weeks Before the Election
by The Gateway Pundit
Dominion Voting Systems has issued a chilling warning to conservatives just weeks before the all-important presidential election. In a post on the X platform, the company said that it was “closely monitoring” claims that its machines may be compromised. “Dominion is closely monitoring claims around the Nov. 2024 election and…
Coward: Hamas Chief’s Bunker Loaded With UN Food, Millions in Cash, Weapons and More
by Red State
The one constant in the entire “Islamist terrorist” issue is that their leaders 1) never place themselves in any direct danger, although sometimes danger in the form of the Israeli Defense Forces (IDF) manages to find them anyway, and 2) they generally live in wealth and luxury while their fighters…
Fire Departments Sued by Biden-Harris for Requiring Job Candidates to Learn How to Fight Fires
by The Gateway Pundit
Thank heavens for the Biden-Harris administration and its steadfast determination to root out institutional racism wherever it may hide. And it hides in the strangest places, too. For instance, do you know it’s institutionally racist to expect a firefighter to know enough to fight fires? I know, I’d been too…
“The Epitome of Evil” Is Running Operations Out of Government Facilities “Established to Provide Assistance” to Illegals
by Michael Snyder
(End of the American Dream)—Are you ready for the truth? Since Joe Biden entered the White House, we have witnessed a tsunami of migration that is unlike anything we have ever seen before. Millions upon millions of people that are not being properly screened are taking advantage of our deeply…
Iran Deserves Listing on Global Terror Finance and Money-Laundering Blacklist
by WND
On Oct. 21, the plenary of the Financial Action Task Force, or FATF, will convene in Paris. Should the organization that sets global standards for countering money laundering and terror finance consider removing the Islamic Republic of Iran from its blacklist, as Tehran hopes, the answer should be a resounding…
The All-Too-Short List of Conservative, Anti-Globalist Leaders
by The Gateway Pundit
As the world shifts leftward and increasingly embraces globalism, a handful of leaders remain as holdouts—conservative, anti-globalist figures who advocate for national sovereignty, economic protectionism, and opposition to globalist institutions such as the United Nations, the European Union, or multinational trade agreements. They frequently push for secure borders and immigration…
