At what point will the mainstream media finally admit that we are facing a major crisis? In recent days, I have been writing quite a bit about the alarming transition that the employment market is going through. There is a lot more competition for any jobs that are still available, and one recent survey discovered that almost 40 percent of U.S. companies anticipate that they will be conducting layoffs in 2024. But even though I am just reporting the facts, I have had people write to me and insist that things really aren’t that bad. Even though the government’s own numbers show that the U.S. lost a ton of full-time jobs in December, these people apparently believe the propaganda that is being fed to them by the Biden administration.
Look, the truth is that the economy really is bleeding good jobs. In this article, I am going to provide you with 20 examples of large companies that have just decided to conduct mass layoffs…
#1 One of our “too big to fail” banks has just announced that it will be eliminating 20,000 good paying jobs…
Citigroup on Friday said it will slash 20,000 jobs.
The reductions, detailed in the company’s fourth-quarter financial results deck, can be linked to Citi continuing to execute its ongoing reorganization.
Citi will axe the positions “over the medium-term,” something that should ultimately bring its expenses down by $2-2.5 billion, according to the company.
#2 Even though this is an election year, NBC News has decided that a bunch of far left staffers have become expendable…
NBC News has laid off several dozen staffers, the latest of dozens of companies to start off the new year with bad news for its employees, USA TODAY confirmed Friday.
A source familiar with the plans said that employees were given a 60-day notice and will get severance packages and outplacement.
#3 Universal Music Group is making a ton of money from their relationship with Taylor Swift, but they still have decided to eliminate hundreds of jobs…
Universal Music Group, the corporate home of mega pop star Taylor Swift, is reportedly set to slash “hundreds” of jobs in the latest bloodbath to hit the entertainment industry.
The music label is planning to eliminate hundreds of jobs in the first quarter of the year, people with knowledge of the matter told Bloomberg News. The company’s recorded music division will be hit hardest.
Taylor Swift ranks among the label’s biggest stars, having signed a recording deal with the company in 2018 and an exclusive publishing contract two years later. The label also represents Drake and “Despacito” singer Luis Fonsi.
#4 Xerox was once one of the most famous companies in the entire world, but now they have decided to reduce their workforce by another 15 percent…
Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model.
Xerox, which offers digital printing and document management technologies, had about 20,500 employees as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange Commission. Based on this figure, Wednesday’s layoffs will affect about 3,075 employees.
#5 Things aren’t going very well for the auto industry these days, and Stellantis has just announced that more than 500 employees will be “permanently separated” from the company…
Stellantis NV said Monday that 539 supplemental employees across its U.S. manufacturing footprint are being “permanently separated” from the company following an evaluation of operations.
The automaker said it notified on Friday the affected workers, who are part of a class of lower-paid employees known as temporary workers at General Motors Co. and Ford Motor Co. The workforce reduction was effective immediately.
#6 Software company MeridianLink has decided that it is time to delete 9 percent of its staff…
Thoma Bravo-backed MeridianLink, which sells software to financial institutions like regional banks and credit unions, is laying off 9% of its staff, according to a regulatory filing Thursday. The cuts followed a sharp slowdown in MeridianLink’s revenue growth and a 69% drop in its operating income in the first nine months of last year.
#7 Apparently there aren’t enough simps watching half-naked women playing video games these days, and so Twitch will be laying off more than a third of its entire workforce…
Amazon’s livestreaming platform, Twitch, announced it would cut 35% of its workforce in a blog post.
“As you all know, we have worked hard over the last year to run our business as sustainably as possible,” wrote Twitch CEO Dan Clancy in a blog post. “Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch.”
#8 At this point things are so bad that even Google is laying off lots of workers…
Google is starting 2024 by cutting several hundred jobs across the company.
The company confirmed the layoffs to USA TODAY Friday and that they will impact employees within Google’s hardware and central engineering teams, as well employees who work on Google Assistant, the company’s voice-activated software product. Other parts of the company were also affected.
Are you starting to get the picture?
For those of you that still need additional examples, here are 12 more that were just posted by Susan Duclos…
• Disney’s Pixar could cut staff by 20% this year, TechCrunch reports.
• Discord will eliminate 17% of its employees to “sharpen focus,” The Verge reports.
• Amazon will lay off hundreds of Prime Video and MGM Studios workers, The Hollywood Reporter writes, as well as 5% of its Audible staff.
• BlackRock will lay off 3% of its global workforce, Bloomberg reports.
• The NFL has offered buyouts to around 200 of its 1,100-person staff, CNBC reports.
• Rent the Runway will cut 10% of its corporate employees, including its COO, Bloomberg reports.
• Unity Software will lay off 1,800 people (25% of its workforce), Reuters reports.
• Duolingo will eliminate 10% of its contractor positions, Bloomberg reports.
• Newell Brands, Sharpie and Rubbermaid producer, will cut 7% of its office roles, The Wall Street Journal reports.
• VideoAmp will lay off 20% of its employees, AdAge reports.
• The Messenger will cut around two dozen jobs, The New York Times reports.
• Cheddar has furloughed workers due to “unforeseen” factors, The New York Times reports.
This is really happening.
The U.S. economy really is bleeding good jobs at a staggering rate.
And the long-term outlook is not good at all. In fact, the IMF is projecting that nearly 40 percent of all global jobs “could be affected by the rise of artificial intelligence”…
Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund.
In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI.
“In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions,” she wrote ahead of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, where the topic is set to be high on the agenda.
It won’t be too long before AI takes millions of American jobs. I would encourage you to get my new book for a deeper look at why artificial intelligence is likely to turn our society completely upside down.
Of course AI is just one of the trends that is working against us.
We are moving into a future in which much of the population will no longer be needed to run the gigantic corporations that dominate our society.
The gap between the wealthy and the poor is already larger than it has ever been, and it gets even bigger with each passing year.
The stage is being set for a massive societal meltdown, and it isn’t going to be pretty.
As soon as the Federal Reserve starts "QE to infinity" the fake boom will start again. Maybe in the Spring. If that doesn't work, the DOJ will couple with the CIA to beget an offspring that will resemble a nubile creation called "Middle East Conflict."
So, around summertime start buying defense stocks. The gov will get America booming again before election day if it destroys America to do it. Democrats love the smell of America burning up. Obey The Pug!
> We are moving into a future in which much of the population will no longer be needed to run the gigantic corporations.
Its actually much worse than this because no one has really realized the full scope of what we are facing, and we have ecological overshoot which will likely soon revert to the normal predator prey models (i.e. 70% of the current population will likely starve).
Mises wrote about the Economic calculation problem in the 1930s. This is the problem the banks and Fed face, in the form of two cliffs (deflation/hyper-inflation) and a narrow safe path that shrinks over time chaotically until you misstep from hysteresis. Its been known, but downplayed or scoffed at by every mainstream person. When you can't trade because the currency has been ruined, benefits from a distribution of labor based society fail. The same goes when you can get the same amount of work out of a thinking machine, labor is no longer needed. They have created a world where there are few producers, and producers cease producing when its no longer viable to make a profit. Government can never effectively produce for the same resources because corruption and graft are endemic in those systems (structurally, you get this whenever there is no beneficial exchange based on a distribution of labor).
If you read any historic magazines, like the American Fabian, 1896-1902 you'll find very dubious parallels with what's happened since then historically, and what strategies they proposed at the turn of the century to seize the means of production 'gradually'. These groups want slaves because that is the only way their system works short-term.
Simple fact is we have a lot of traitors today that call themselves American's when they are in fact communists seeking everyone's destruction by promoting a unstable safety-critical system that doesn't work through lies, deceit, corruption and coercion. Their actions have largely gone completely unpunished.
I find it very interesting how that magazine went dark, and 2 years later the prussian model of education was adopted , and 3-5 years after that a crisis forced the creation of the Fed. Go after the children, and de-constrain funding so you can set about concentrating all business into a few hands, nationalize (privately through bailouts/crisis/leveraged buyout), and then nationalize publicly. A diabolical 100 year plan that leads to societal destruction. Go after the children and then destroy the greatest strength of a society by using it against them.
Well stated and accurate, a good summation of all that is going on is in a book
Conspirators Hierarchy, Amazon still carries it, it is the history of the Committee of 300, the back bone of the Rockefeller/Rothchild banksters.........I actually have the audio files on a flash drive, about 4.5 hours
But when it all comes down, Lucifer is behind it all and has been since before Adam and Eve. Lucifer HATES God's Creation and is roaming about the earth to destroy, kill and take as many souls to hell as he can as he knows his time is short
I've done quite a bit of research and work with systems design professionally, the insider threat is always the worst type of threat, and there are some very rational people who have written books that go completely ignored. Carl Menger being another example (for economics as a field)
> Lucifer is behind it all.
I'm not religious, but I do find it suspicious that such a long-lived plan could be executed so perfectly without misstep over multiple generations. After all a generation is 20 years. 3-generations in you lose valuable knowledge and soft-skills so there should be notable missteps in the record, and there aren't.
Hypothetically, if anything, I think such a being's plan would rather have that as a secondary objective with the primary being to control so as to contort, torture, cause suffering, and induce acceptance of evil as good. The same attitude portrayed in Paradise Lost.
Ironically this is happening regularly too if one looks closely at things, with various justifications such as 'its my job', 'I don't have a choice', etc.
The sophisticated inducement of self-corruption/self-violation, but that's a discussion for another time.
As for that book, I've read it, but there were some credibility issues with the writer/author. There were enough contradictions in things he referenced that I had to set it aside. There was good information, but it was mixed and required a fine eye for discernment.
Exactly as the Bible states it my friend, Jesus spoke against religion and I am not religious, but I am a firm believer of God, Jesus and the Holy Spirit. One cannot deny the fact that over 2000 all the writers of the Bible, most of which never even knew each other or lived in the same time period, were led by the hand of God to give man direction for salvation through Jesus. Every book in the Bible points to Jesus in one way or another. My point is, Lucifer wants to be worshiped as God, but it will never happen. God gave us all free will to choose how we spend eternity. I have chosen life with God. Many will take the 'highway to hell' if you will and Lucifer entices many to follow him, it is all around us and becoming more clear every day
Friends remember aways to look out for your fellow brother because Brotherly love is not a tangible commodity. We cannot touch it or weigh it, smell it of taste it. Yet it is a reality; it can be creative, it can be fostered, it can be made a dynamic power.
Friends lets take this time as an opportunity to load up on xom and erx its trading below 100dollars. This opportunity ma not come again, we must capitalize on the panic selling
If that's true, then why are stonks so high? Oh, that's right; fundamentals don't matter. Which is why I pray for the biggest crash in the stonk market in history. Sick to death of the fraud.
I can’t stop laughing because things are getting too serious and too crazy and this is only January !!! I’ m trying to absorb all the inf out there but nothing is making sense. People are trying to sell oil to rub on your body and on things in your house for protection from what’s coming. It’s all too much. Ty Greg for keeping us informed. If you start laughing too I’ll understand but I enjoy seeing you laugh anyway. Laughter is the best medicine I’ve always heard.
Yes maybe the US is trying to send a message to the Brick Nations dont F...with the petro dollar but the Brick Nations are sticking their middle finger at the US just like Fidel Castro did for 50 years...
Well then there is this from Michael Snyder
At what point will the mainstream media finally admit that we are facing a major crisis? In recent days, I have been writing quite a bit about the alarming transition that the employment market is going through. There is a lot more competition for any jobs that are still available, and one recent survey discovered that almost 40 percent of U.S. companies anticipate that they will be conducting layoffs in 2024. But even though I am just reporting the facts, I have had people write to me and insist that things really aren’t that bad. Even though the government’s own numbers show that the U.S. lost a ton of full-time jobs in December, these people apparently believe the propaganda that is being fed to them by the Biden administration.
Look, the truth is that the economy really is bleeding good jobs. In this article, I am going to provide you with 20 examples of large companies that have just decided to conduct mass layoffs…
#1 One of our “too big to fail” banks has just announced that it will be eliminating 20,000 good paying jobs…
Citigroup on Friday said it will slash 20,000 jobs.
The reductions, detailed in the company’s fourth-quarter financial results deck, can be linked to Citi continuing to execute its ongoing reorganization.
Citi will axe the positions “over the medium-term,” something that should ultimately bring its expenses down by $2-2.5 billion, according to the company.
#2 Even though this is an election year, NBC News has decided that a bunch of far left staffers have become expendable…
NBC News has laid off several dozen staffers, the latest of dozens of companies to start off the new year with bad news for its employees, USA TODAY confirmed Friday.
A source familiar with the plans said that employees were given a 60-day notice and will get severance packages and outplacement.
#3 Universal Music Group is making a ton of money from their relationship with Taylor Swift, but they still have decided to eliminate hundreds of jobs…
Universal Music Group, the corporate home of mega pop star Taylor Swift, is reportedly set to slash “hundreds” of jobs in the latest bloodbath to hit the entertainment industry.
The music label is planning to eliminate hundreds of jobs in the first quarter of the year, people with knowledge of the matter told Bloomberg News. The company’s recorded music division will be hit hardest.
Taylor Swift ranks among the label’s biggest stars, having signed a recording deal with the company in 2018 and an exclusive publishing contract two years later. The label also represents Drake and “Despacito” singer Luis Fonsi.
#4 Xerox was once one of the most famous companies in the entire world, but now they have decided to reduce their workforce by another 15 percent…
Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model.
Xerox, which offers digital printing and document management technologies, had about 20,500 employees as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange Commission. Based on this figure, Wednesday’s layoffs will affect about 3,075 employees.
#5 Things aren’t going very well for the auto industry these days, and Stellantis has just announced that more than 500 employees will be “permanently separated” from the company…
Stellantis NV said Monday that 539 supplemental employees across its U.S. manufacturing footprint are being “permanently separated” from the company following an evaluation of operations.
The automaker said it notified on Friday the affected workers, who are part of a class of lower-paid employees known as temporary workers at General Motors Co. and Ford Motor Co. The workforce reduction was effective immediately.
#6 Software company MeridianLink has decided that it is time to delete 9 percent of its staff…
Thoma Bravo-backed MeridianLink, which sells software to financial institutions like regional banks and credit unions, is laying off 9% of its staff, according to a regulatory filing Thursday. The cuts followed a sharp slowdown in MeridianLink’s revenue growth and a 69% drop in its operating income in the first nine months of last year.
#7 Apparently there aren’t enough simps watching half-naked women playing video games these days, and so Twitch will be laying off more than a third of its entire workforce…
Amazon’s livestreaming platform, Twitch, announced it would cut 35% of its workforce in a blog post.
“As you all know, we have worked hard over the last year to run our business as sustainably as possible,” wrote Twitch CEO Dan Clancy in a blog post. “Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch.”
#8 At this point things are so bad that even Google is laying off lots of workers…
Google is starting 2024 by cutting several hundred jobs across the company.
The company confirmed the layoffs to USA TODAY Friday and that they will impact employees within Google’s hardware and central engineering teams, as well employees who work on Google Assistant, the company’s voice-activated software product. Other parts of the company were also affected.
Are you starting to get the picture?
For those of you that still need additional examples, here are 12 more that were just posted by Susan Duclos…
• Disney’s Pixar could cut staff by 20% this year, TechCrunch reports.
• Discord will eliminate 17% of its employees to “sharpen focus,” The Verge reports.
• Amazon will lay off hundreds of Prime Video and MGM Studios workers, The Hollywood Reporter writes, as well as 5% of its Audible staff.
• BlackRock will lay off 3% of its global workforce, Bloomberg reports.
• The NFL has offered buyouts to around 200 of its 1,100-person staff, CNBC reports.
• Rent the Runway will cut 10% of its corporate employees, including its COO, Bloomberg reports.
• Unity Software will lay off 1,800 people (25% of its workforce), Reuters reports.
• Duolingo will eliminate 10% of its contractor positions, Bloomberg reports.
• Newell Brands, Sharpie and Rubbermaid producer, will cut 7% of its office roles, The Wall Street Journal reports.
• VideoAmp will lay off 20% of its employees, AdAge reports.
• The Messenger will cut around two dozen jobs, The New York Times reports.
• Cheddar has furloughed workers due to “unforeseen” factors, The New York Times reports.
This is really happening.
The U.S. economy really is bleeding good jobs at a staggering rate.
And the long-term outlook is not good at all. In fact, the IMF is projecting that nearly 40 percent of all global jobs “could be affected by the rise of artificial intelligence”…
Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund.
In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI.
“In most scenarios, AI will likely worsen overall inequality, a troubling trend that policymakers must proactively address to prevent the technology from further stoking social tensions,” she wrote ahead of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, where the topic is set to be high on the agenda.
It won’t be too long before AI takes millions of American jobs. I would encourage you to get my new book for a deeper look at why artificial intelligence is likely to turn our society completely upside down.
Of course AI is just one of the trends that is working against us.
We are moving into a future in which much of the population will no longer be needed to run the gigantic corporations that dominate our society.
The gap between the wealthy and the poor is already larger than it has ever been, and it gets even bigger with each passing year.
The stage is being set for a massive societal meltdown, and it isn’t going to be pretty.
This is essential news. Thank you 🙏
As soon as the Federal Reserve starts "QE to infinity" the fake boom will start again. Maybe in the Spring. If that doesn't work, the DOJ will couple with the CIA to beget an offspring that will resemble a nubile creation called "Middle East Conflict."
So, around summertime start buying defense stocks. The gov will get America booming again before election day if it destroys America to do it. Democrats love the smell of America burning up. Obey The Pug!
> We are moving into a future in which much of the population will no longer be needed to run the gigantic corporations.
Its actually much worse than this because no one has really realized the full scope of what we are facing, and we have ecological overshoot which will likely soon revert to the normal predator prey models (i.e. 70% of the current population will likely starve).
Mises wrote about the Economic calculation problem in the 1930s. This is the problem the banks and Fed face, in the form of two cliffs (deflation/hyper-inflation) and a narrow safe path that shrinks over time chaotically until you misstep from hysteresis. Its been known, but downplayed or scoffed at by every mainstream person. When you can't trade because the currency has been ruined, benefits from a distribution of labor based society fail. The same goes when you can get the same amount of work out of a thinking machine, labor is no longer needed. They have created a world where there are few producers, and producers cease producing when its no longer viable to make a profit. Government can never effectively produce for the same resources because corruption and graft are endemic in those systems (structurally, you get this whenever there is no beneficial exchange based on a distribution of labor).
If you read any historic magazines, like the American Fabian, 1896-1902 you'll find very dubious parallels with what's happened since then historically, and what strategies they proposed at the turn of the century to seize the means of production 'gradually'. These groups want slaves because that is the only way their system works short-term.
Simple fact is we have a lot of traitors today that call themselves American's when they are in fact communists seeking everyone's destruction by promoting a unstable safety-critical system that doesn't work through lies, deceit, corruption and coercion. Their actions have largely gone completely unpunished.
I find it very interesting how that magazine went dark, and 2 years later the prussian model of education was adopted , and 3-5 years after that a crisis forced the creation of the Fed. Go after the children, and de-constrain funding so you can set about concentrating all business into a few hands, nationalize (privately through bailouts/crisis/leveraged buyout), and then nationalize publicly. A diabolical 100 year plan that leads to societal destruction. Go after the children and then destroy the greatest strength of a society by using it against them.
Well stated and accurate, a good summation of all that is going on is in a book
Conspirators Hierarchy, Amazon still carries it, it is the history of the Committee of 300, the back bone of the Rockefeller/Rothchild banksters.........I actually have the audio files on a flash drive, about 4.5 hours
But when it all comes down, Lucifer is behind it all and has been since before Adam and Eve. Lucifer HATES God's Creation and is roaming about the earth to destroy, kill and take as many souls to hell as he can as he knows his time is short
I've done quite a bit of research and work with systems design professionally, the insider threat is always the worst type of threat, and there are some very rational people who have written books that go completely ignored. Carl Menger being another example (for economics as a field)
> Lucifer is behind it all.
I'm not religious, but I do find it suspicious that such a long-lived plan could be executed so perfectly without misstep over multiple generations. After all a generation is 20 years. 3-generations in you lose valuable knowledge and soft-skills so there should be notable missteps in the record, and there aren't.
Hypothetically, if anything, I think such a being's plan would rather have that as a secondary objective with the primary being to control so as to contort, torture, cause suffering, and induce acceptance of evil as good. The same attitude portrayed in Paradise Lost.
Ironically this is happening regularly too if one looks closely at things, with various justifications such as 'its my job', 'I don't have a choice', etc.
The sophisticated inducement of self-corruption/self-violation, but that's a discussion for another time.
As for that book, I've read it, but there were some credibility issues with the writer/author. There were enough contradictions in things he referenced that I had to set it aside. There was good information, but it was mixed and required a fine eye for discernment.
Exactly as the Bible states it my friend, Jesus spoke against religion and I am not religious, but I am a firm believer of God, Jesus and the Holy Spirit. One cannot deny the fact that over 2000 all the writers of the Bible, most of which never even knew each other or lived in the same time period, were led by the hand of God to give man direction for salvation through Jesus. Every book in the Bible points to Jesus in one way or another. My point is, Lucifer wants to be worshiped as God, but it will never happen. God gave us all free will to choose how we spend eternity. I have chosen life with God. Many will take the 'highway to hell' if you will and Lucifer entices many to follow him, it is all around us and becoming more clear every day
Friends remember aways to look out for your fellow brother because Brotherly love is not a tangible commodity. We cannot touch it or weigh it, smell it of taste it. Yet it is a reality; it can be creative, it can be fostered, it can be made a dynamic power.
Because everything is a scam. It's a day to be productive despite all this free-falling chaos.
GM do you see the tied coming in and all the people without bathing suits will be seen for the lies they have? Just curious.
Whoaaaaaaaaaaaaaaa!!!!!!!!!!!!
You told us this would happen. Thanks! Right again!
Going to be a wild ride soon. https://www.marketwatch.com/story/retailers-could-suffer-perfect-storm-of-red-sea-and-panama-canal-disruption-says-logistics-expert-93027161
But Yellen claims the US economy is robust.
Friends lets take this time as an opportunity to load up on xom and erx its trading below 100dollars. This opportunity ma not come again, we must capitalize on the panic selling
If that's true, then why are stonks so high? Oh, that's right; fundamentals don't matter. Which is why I pray for the biggest crash in the stonk market in history. Sick to death of the fraud.
I can’t stop laughing because things are getting too serious and too crazy and this is only January !!! I’ m trying to absorb all the inf out there but nothing is making sense. People are trying to sell oil to rub on your body and on things in your house for protection from what’s coming. It’s all too much. Ty Greg for keeping us informed. If you start laughing too I’ll understand but I enjoy seeing you laugh anyway. Laughter is the best medicine I’ve always heard.
By design.
That means the markets will rise which is good for the Perma bulls and the gamblers.
Wow! Thanks.
Yes maybe the US is trying to send a message to the Brick Nations dont F...with the petro dollar but the Brick Nations are sticking their middle finger at the US just like Fidel Castro did for 50 years...
mmri up to 262 max then fall