marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
unemployment
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 […]
01/31/2024
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By News Editors
Media and tech ‘bloodbath’ continues as more than 24,500 employees were laid off or fired in January 2024
Traditional media, along with the Biden regime, keeps insisting the economy is “thriving”, despite the fact that more than 70% of Americans are living paycheck to paycheck some of the time, and 50% living that way all of the time, and that food prices are still approximately 20% higher than they were when Joe Biden started occupying the White House. (Article […]
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 […]
01/29/2024
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By News Editors
Bidenomics in shambles: Microsoft cuts 1,900 jobs in gaming market
The tech giant Microsoft has just cut 1,900 jobs in their gaming division; this includes both Xbox and Activision Blizzard. (Article by Graham republished from WLTReport.com) Microsoft is joining a growing trend of large companies laying off employees. The layoffs will see 8% of their employees cut. Microsoft to begin mass layoffs It has begun […]
01/26/2024
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By Laura Harris
LA Times lays off over 20% of newsroom workforce in desperate effort to stop financial losses
The Los Angeles Times, one of the oldest journalistic institutions in the United States, has laid off at least 115 employees, representing more than 20 percent of its newsroom workforce to address financial struggles. The newspaper described its recent mass layoffs as “one of the largest workforce reductions in the history of the 142-year-old institution.” Since biotech billionaire Dr. Patrick […]
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 […]
01/09/2024
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By Richard Brown
Over 55,000 companies shut down in France as country’s economy implodes
France witnessed a record-breaking year for business closures in 2023, with over 55,000 companies shutting down, according to data compiled by the Bank of France as of December. The statistics, released by the regulator on Saturday, reveal that an average of 55,492 companies faced bankruptcy or liquidation over the past 12 months. While the surge […]
12/14/2023
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By Laura Harris
Interest rate hikes caused 5.8 increase in Canada’s UNEMPLOYMENT rate, survey reveals
Interest rate hikes at Canada’s central bank prompted a 5.8 percent increase in the country’s unemployment rate, according to a survey. Statistics Canada released the results of the November labor force survey on Dec. 1. It found that the jobless rate inched slightly higher to 5.8 percent, a 0.1 percent increase from the 5.7 percent […]
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 […]
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