marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
mass layoffs
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 […]
01/16/2024
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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 […]
12/13/2023
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By Laura Harris
Dual strike of writers and actors caused a 17% DROP in Hollywood workforce
Employment in the entertainment industry of the Greater Los Angeles area has experienced a 17 percent decline since the onset of the dual strike of the Writers Guild of America (WGA) and the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) This is according to a study conducted by the Otis College of Art […]
12/07/2023
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By Gregory Van Dyke
They are calling this “layoff season”
Is your job safe? According to the Bureau of Labor Statistics, there were more than 13 million layoffs and discharges in the United States during the first nine months of 2023, and now “layoff season” has arrived. As the end of the year approaches, companies start taking a hard look at the bottom line, and […]
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 […]
10/30/2023
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By Zoey Sky
Amazon prepares army of 750,000 ROBOTS to eliminate HUMAN workers
Amazon recently announced that it has “750,000 robots working collaboratively” with human employees. The company introduced two new robotic systems to speed up its deliveries, raising concerns among fulfillment center workers that the e-commerce giant might eventually reduce or totally replace its human workforce. In a blog post on Oct. 18, Amazon revealed that its […]
10/23/2023
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By Laura Harris
Largest banks in America have collectively cut 20K JOBS so far this year
The largest banks in America have collectively laid off approximately 20,000 employees since the beginning of 2023 due to rising interest rates in the mortgage industry, Wall Street deal-making fluctuations and increasing funding costs. According to company filings, five of the largest banks in America are quietly cutting thousands of employees after a two-year hiring boom during the […]
09/05/2023
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By Belle Carter
Farmers Insurance lays off 2,400 employees in the name of “long-term profitability”
American insurer Farmers Insurance Group revealed in an August 28-dated press statement that it is set to lay off 11 percent, or roughly 2,400, of its workers across all lines of business from a workforce made up of nearly 21,000 people. The release cited the excuse of creating a more efficient organization via austerity initiatives. […]
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