marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
jobs
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
04/11/2024
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By Ava Grace
Bureau of Labor Statistics reports ZERO GROWTH in manufacturing jobs in March
The Bureau of Labor Statistics (BLS) has reported no new manufacturing jobs were added in March despite the administration of President Joe Biden creating many programs and public spending initiatives to boost hiring in the sector. This comes from the BLS’s latest Employment Situation Summary for March, revealing that the number of manufacturing jobs in the United States […]
04/10/2024
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By Cassie B.
OBSOLETE MAN: Leading economist warns that “almost all forms of human labor” will be taken over by AI
Artificial Intelligence (AI) is very troubling in many respects. Although there are some cases where it may prove to be incredibly useful, the fear of what the technology could mean for many types of jobs is warranted. It is already replacing humans for tasks like coding, designing, customer service and writing, albeit with mixed results. […]
04/02/2024
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By Ava Grace
Ford drastically cuts EV factory workforce as electric car sales plummet
About 1,400 workers at a Ford factory in Michigan that makes the F-150 Lightning will move to new jobs or take retirement packages as sales of the fully electric pickup trucks decline. Ford began the year by cutting production of the F-150 Lightning following significantly weaker-than-expected sales growth in electric vehicles. While EV sales are growing in […]
03/22/2024
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By Richard Brown
JOBS CRISIS: Almost 107 million Americans are not in the labor force
The economy’s current state has left many perplexed as widespread mass layoffs by large employers are occurring nationwide, creating significant challenges for job seekers. Despite these economic hurdles, the administration of President Joe Biden and mainstream media maintain an optimistic narrative, asserting that the unemployment rate is low and everything is under control. The recent […]
03/21/2024
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By Cassie B.
Americans boycott Tyson Foods as it announces plans to hire 42,000 illegal migrants
Angry Americans are boycotting Tyson Foods in response to the company’s plans to hire 42,000 immigrants in New York as they close plants in a slew of states and give 1,300 of their current staff their walking papers. The $53 million meat company has announced it will be closing meat and poultry processing plants in […]
03/04/2024
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By Zoey Sky
Several truck companies plan to completely ELIMINATE the use of human drivers this year
Three startup firms have announced plans to eliminate all human drivers and replace them with driverless trucks traversing through Texas highways by the end of 2024. The move comes amid objections from critics who warn that financial pressures, not safety, are behind the proposed timetable. After years of testing, Aurora Innovation Inc., Kodiak Robotics Inc. and […]
02/27/2024
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By Laura Harris
Nike is DOING IT: Sports shoes and apparel giant to cut roughly 1,700 jobs to reduce costs by $2B over the next 3 years
Global sportswear giant Nike has announced plans to lay off roughly 1,700 employees, in a bid to cut costs by $2 billion over the next three years. Last December, Nike revised its revenue forecast and revealed cost-cutting measures as the company faces challenges stemming from changing consumer behavior, increased competition from emerging brands and economic […]
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 […]
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