marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
mass layoff
12/15/2023
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By Ethan Huff
More layoffs coming to McDonald’s as fast food giant embraces Google’s AI for online ordering
McDonald’s is going human-less in an effort to keep its top executives handsomely paid and its lower-level store employees, well, obsolete. In a recent press release, McDonald’s announced a new partnership with Google that will utilize the search engine giant’s artificial intelligence (AI) technology at McDonald’s franchise stores. With self-serve kiosks already plastered inside McDonald’s […]
09/20/2023
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By Belle Carter
East Coast’s largest groundfish company files for bankruptcy, lays off workers with no severance pay
East Coast’s largest groundfish company has filed for bankruptcy, according to records in U.S. federal court in Delaware, leaving employees without a job as it shutters all of its locations and concluded an eight-year private equity (PE) roll-up of New Bedford’s fishing industry. Blue Harvest Fisheries unexpectedly filed for Chapter 7 bankruptcy on September 8, […]
04/28/2023
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By News Editors
A torrent of layoffs – Here are 16 large companies that have just announced mass terminations
The biggest companies in the United States are giving the axe to hundreds of thousands of workers, but this should not come as a shock to any of us. Officials at the Federal Reserve were warned over and over again that they were going to create an extremely harsh economic environment if they aggressively raised […]
03/29/2023
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By News Editors
Get woke, go broke: Twitch streaming service to sack 36% of employees
The collapse of the woke tech industry continues to accelerate this month with numerous companies announcing major layoffs and some of them on the verge of bankruptcy. (Article by Tyler Durden republished from ZeroHedge.com) The culture of ESG status, which is rooted in far-left identity politics, climate change hysteria and the World Economic Forum’s concept of […]
03/17/2023
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By Oliver Young
Mark Zuckerberg announces plan to cut 10,000 Meta employees in the next 2 months
Meta CEO Mark Zuckerberg has touted 2023 as the company’s “year of efficiency.” That means more employees are on the chopping block. On Tuesday, March 14, Zuckerberg announced the company’s plan to cut 10,000 employees in the next two months – just short of the 11,000 it laid off in November, which equated to roughly […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
02/02/2023
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By Belle Carter
Zoomers and millennials who posted “Day in the Life” videos FIRED from cushy Big Tech jobs
Many Big Tech companies have undergone massive retrenchment of employees, with analysts and industry experts pinning the blame on incorrect projections and misallocation of investments and funds. It’s hard not to feel sorry for the tens of thousands of Big Tech employees who recently lost their jobs. However, the news site Revolver presented another angle to the layoffs […]
01/20/2023
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By Arsenio Toledo
Logistics company Ryder to fire 801 employees in Austin due to “customer’s changing needs”
American transportation and logistics giant Ryder System Inc, commonly known as Ryder, has announced that it will be laying off 801 employees after the company lost work at a factory in Austin, Texas. A total of 801 Ryder employees at the Applied Material site, a semiconductor plant in Austin, will lose their jobs. Applied Materials […]
01/11/2023
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By Arsenio Toledo
Coinbase announces second mass layoff – 20% of workers to lose jobs
Coinbase is once again slashing its workforce in response to the ongoing downturn in the cryptocurrency industry. The publicly traded cryptocurrency exchange announced that it is planning to reduce its headcount by around 950 employees as part of the company’s restructuring effort that it expects to be completed by the end of the second quarter of […]
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