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How much more proof do people need to see the dismal economic future? For the mainstream media, the only numbers that count are stock indexes. Welcome to week 60 or our job layoffs… of a bad situation getting worse.
Pressured by the impact of higher interest rates on the mortgage business, Wall Street deal-making and funding costs, the next five largest U.S. banks after JPMorgan Chase have cut a combined 20,000 positions so far this year, according to company filings.
- Yelloh – 750
- Liberty Mutual – 850
- Electrolux – 3,000
- Stornoway Diamonds – 425
- Volkswagen – 2,000
- Pfizer in NJ – 791
- Lehigh Valley Health Network – 240
- Magnum Venus Products in Kent – no #
- Bungie – 40
- Klarna – 102
- CVS Health in Hartford CT – 70
- Sweden’s Autoliv ( International ) – 220
- Hanesbrands distribution center in High Point NC – 217
- BMG – 40
- City of Portland’s permitting bureau – 7
- ResMed – 5 percent, 500
- ElevateBio – 13 percent, 65
- Roku San Jose – 136
- Ryman Hospitality Wildhorse Saloon – 124
- Niagara University – 7
- Hippo – 70
- Cigna Group – no #
- Bloom Energy in Fremont/Sunnyvale – 95
- The University of Wisconsin-Platteville – 111
- Soladigm ( International ) – no #
- Novelis ALR Rolled Products Inc NJ – 93
- Digic ( International ) – 35
- Boardriders Wholesale LLC Inc – 84
- Medical Solutions – 10 percent
- Wood-Mode LLC – 35
- Wieland Rolled Brass – 100
- Polkadot blockchain developer Parity Technologies – 100
- Alpena County MI – Considers Layoffs
- Barclays US – 36
- Parma GM plant – 139
- Shipt – 3.5 percent or about 30
- Dallas Museum of Art – 20
- Zully – no #
- Expedia Group – Layoffs possible
- Stellantis – 525
- SiFive – 130
- BrainStorm Cell Therapeutics – 12
- Horizon Therapeutics – 350
- Media Molecule – 20
- Curaleaf Holdings – no #