marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Job cuts
02/23/2024
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By Laura Harris
Google faces backlash over MASS LAYOFFS in January despite company’s financial success
Tech giant Google has once again come under fire after conducting another round of mass layoffs in January to streamline operations and allocate more resources to artificial intelligence (AI). The job cuts, which affected a thousand employees, included hundreds of workers in the voice assistant sector, hardware teams responsible for Pixel, Nest and Fitbit products, augmented reality, engineering […]
02/12/2024
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By Olivia Cook
LAYOFF season continues: PayPal cuts off 9% of its global workforce – roughly 2,500 jobs
PayPal has begun a series of company-wide layoffs that will cut about nine percent of its global workforce – or roughly 2,500 jobs. These job cuts came after new CEO Alex Chriss took over, and came on top of a prior round of dismissals of seven percent last year. In a letter sent to employees, Chriss noted that […]
02/01/2024
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By Arsenio Toledo
BIDENOMICS: UPS cuts 12,000 jobs due to decreased shipping volume, tense union negotiations
UPS is cutting 12,000 jobs as shipping volume – and thus, company revenue – both internationally and domestically dropped in its fourth-quarter earnings report. The company said the mass layoff is part of a broader effort to “align resources” in 2024. This effort includes mandating staff work from offices, five days a week starting on March […]
01/30/2024
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By Olivia Cook
Job cuts in mainstream media outlets could lead to AI TAKEOVER of news industry
Thousands of journalists are facing a stark, scary “new reality” as mainstream news outlets are slashing jobs to stay afloat in the struggling industry. Questions about the future of U.S. journalism have been raised following the news industry’s bad start this year. In January alone, several publishers laid off their employees in a continuation of the […]
01/25/2024
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By News Editors
It is a bloodbath for the mainstream media
Should any of us be surprised that the news industry is being hit by a massive wave of layoffs? Survey after survey has shown that the American people have lost faith in the mainstream media, and millions of us have decided to turn to other sources for news and information. Mainstream news outlets have been […]
01/23/2024
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By Olivia Cook
YouTube lays off 100 employees amid wider job cuts at parent Google
Search engine giant Google has confirmed another round of layoffs – this time 100 employees on its video platform YouTube. Multiple media outlets reported on Jan. 17 that the tech giant told employees at YouTube’s operations and creator management teams of the job cuts via an internal memo. Their positions were reportedly being eliminated “to […]
01/16/2024
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By Laura Harris
Woke Pixar Animation Studios of Walt Disney to cut 20% of its workforce
Pixar Animation Studios, a subsidiary of Walt Disney, is set to cut 20 percent of its workforce as it wraps up production on some projects. Pixar, renowned for its iconic cinematic franchises such as “Toy Story,” “The Incredibles” and “Finding Nemo,” faced a slow start with the release of its movie “Elemental” in 2023. Disney, as a whole, has […]
01/16/2024
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By Laura Harris
Amazon’s popular livestreaming platform Twitch to cut 35% of workforce due to financial concerns and mounting losses
Popular Amazon-owned livestreaming platform Twitch is set to cut over 500 employees, or approximately 35 percent of its workforce, due to financial concerns and mounting losses. The livestreaming platform, which supports a staggering 1.8 billion hours of live video content per month, has intensified its focus on advertising in recent years. However, nine years after Amazon’s […]
11/29/2023
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By Zoey Sky
CHICKEN SANDWICH AIR DROP: Chick-fil-A launches drone deliveries in Florida
One Chick-fil-A location in Tampa, Florida, has recently launched a pilot program that uses delivery drones. While the idea seems novel and convenient, is it something workers at the fast food restaurant chain should worry about? Will the drones eventually replace all human delivery drivers? Stores in Valrico, Florida can send orders using drones Chick-fil-A announced […]
11/08/2023
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By Kevin Hughes
Big Banks LAYING OFF tens of thousands of workers, including over 20,000 employees in the U.S. alone
Big Banks all over the world are breaking records after laying off tens of thousands of employees, including over 20,000 American workers. Scotiabank, one of Canada’s Big Five banks, announced recently that it is cutting about three percent of its global workforce due to changes to its operations and customers’ preferences, along with continuing efforts […]
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