marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
jobs
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
03/31/2023
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By Arsenio Toledo
Generative AI could replace up to 300 million mostly white-collar jobs worldwide
A report from investment bank Goldman Sachs warned that the proliferation of artificial intelligence technology could replace the equivalent of 300 million full-time jobs around the world. Specifically, Goldman Sachs warned about generative AI, which can create content indistinguishable from human work. The expansion of generative AI systems is poised to significantly disrupt the job […]
03/29/2023
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By Arsenio Toledo
Disney to begin mass layoff of 7,000 employees this week
The Walt Disney Company announced on Monday, March 27, that it already began letting go of 7,000 of its workers in a mass layoff the company announced earlier this year. Chief Executive Officer Bob Iger said the layoffs are necessary for the company to control costs and create a more “streamlined” business. The job cuts were initially […]
03/14/2023
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By Arsenio Toledo
SHUTTING DOWN: General Motors offers buyout to 35k salaried workers in Michigan in an attempt to reach $2B in cost savings
The majority of General Motors’ salaried workers were offered voluntary buyouts as the automotive company struggles to cut $2 billion from its costs. GM has approximately 58,000 salaried employees in the United States, around 60 percent of whom work in Michigan across 25 facilities and offices in the state, including GM’s global headquarters at the […]
03/13/2023
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By Arsenio Toledo
Jobless claims soar to five-month high as recession signals blare
Signs of a recession are once again blaring as the number of Americans filing new claims for unemployment benefits increased by the biggest margin in five months. Initial weekly claims for state unemployment benefits rose by 21,000 to a seasonally adjusted 211,000 for the week that ended on March 4. This is the largest recorded […]
02/24/2023
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By JD Heyes
Ford’s partnership with Communist China to make batteries for electric vehicles seen as huge national security risk
Ford’s announcement of an $3.5 billion partnership with Chinese electric vehicle (EV) battery manufacturer Contemporary Amperex Technology Co. Ltd. (CATL) has generated considerable alarm over the potential economic and national security risks. The partnership will build a new plant in Marshall, Michigan, to produce lithium-iron-phosphate batteries, commonly known as LFP. This type of battery is […]
02/22/2023
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By Belle Carter
Internal sources: Apple secretly firing contractors to cut costs despite job security assurances by CEO
Sources from within tech giant Apple disclosed that the company has been quietly axing contractors to cut costs. The revelation came amid previous assurances from Apple CEO Tim Cook that layoffs would be a “last resort.” The Cupertino, California-based company resorted to this move to avoid mass retrenchment of direct hires. Other companies such as Amazon, […]
02/13/2023
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By Belle Carter
Layoff saga continues as 12 more companies announce mass employment terminations
The U.S. economy is still trapped in the midst of a looming collapse as more companies recently announced mass retrenchment, a clear indication that the tsunami of layoffs that started late last year is continuing to accelerate. During the State of the Union Address, President Joe Biden boasted about the creation of 517,000 jobs in January – surpassing […]
02/08/2023
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By JD Heyes
The big LIE: Biden’s massive job creations number for January is completely false; economy actually LOST 2.5 million jobs
If you were supremely puzzled by the Biden regime’s claim last week that, in January, his economy created more than 517,000 new jobs, you’re not alone. A whole lot of people, including economists and other labor experts, questioned the claim as well, especially in light of the fact that one corporation after another has been […]
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 […]
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