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Everything is just fine, just ask the gamblers on The Street. Forget about how Inflation and interest rate hikes caused, and are still causing companies in many sectors to lay off employees.
And while there is happy news in the U.S. equity market sector for example, The Street ignores that the coming holiday season will be weak and that reflects a further weakening economy. The National Retail Federation estimates holiday hiring will fall some 40 percent from 2021’s employment numbers while Challenger, Gray & Christmas reported that the number of publicly advertised seasonal positions slumped to the lowest level since 2013.
Welcome to week 62 of our job layoffs—a bad situation getting worse.
● Continental – 5,500 expected
● Amazon Games – 180
● Alstom – 600
● UW-Parkside – 50
● Airbus – 750
● Thames Water – 140
● Snap – 20
● Canadian Tire – 3 percent
● SQZ – 80 percent
● Regenxbio – 15 percent
● Lyell – 25 percent
● Nextdoor – 25 percent
● Virgin Galactic – 185
● Vanguard German Wealth Platform – 56
● Amazon’s music streaming service – cuts reported
● Humble Games – Some Layoffs, No #
● West Liberty Foods – 54
● Tyson Food in Wilkesboro NC – 250+ since October
● Recurrent Ventures – 15+
● UMass – 23 Layoffs
● LG Energy Solution in Holland MI – 170
● UW Parkside – 50
● Black Hills Energy – 44
● Mass General Brigham – Layoffs, if not enough staff members take buyouts
● LabCorp – 239 to be laid off in April 2025
● Truliant FCU – 30
● Jasper Ventures – Small number of layoffs, no #
● Unity – More Layoffs likely in the coming year
● Fresno Pacific University – 10 percent or about 11
● NBCUniversal – < 50 across Peacock marketing, NBCUniversal, and ad sales
● Walgreens – 5 percent or 267 of Chicago based Corporate workforce
● Toro Bloomington Minnesota HQ – 100
● Novavax – Second round of layoffs, No #
● Vice Media – < 100
● Wolverine Worldwide – Global workforce reduction, no #
● Acutus Medical – 65 percent, 146
● Dish – 500 in Colorado
● Xcel Energy – 150
● Equity Management Startup Carta – 3rd round of layoffs
● Canadian Tire ( International ) – up to 1,000
● G/O Media – 23
● Sleep Number – 500
● Hiscox USA – 42
● Juniper i – 100 at its Sunnyvale HQ
● CNBC Digital Team – 20
● Amazon Music Division – cuts reported
● Cruise CEO Robotaxi – Layoffs are coming
● LoanDepot – cuts reported
● Oportun Financial – 7 percent, 185
● XTO Energy – 120
● Nextdoor – 25 percent, 150
● U.S. private equity group Carlyle – Job Cuts likely
● Maximus – 75
● Ubisoft – 124
● PricewaterhouseCoopers ( International ) – 600
● Outokumpu ( International ) – 200
● Grant Thornton’s – 200
● Pico – 50 percent
● Block – 1,300 expected
● UPS – 200
● CNA – 24+ Reported layoffs
● RTE – 400
● Vodafone – 50 percent, 2,000
● Manulife – 250
● Pfizer – 500