As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts, which marked the highest number of layoffs in that month since October 2003.
John Challenger, the CEO of Challenger, Gray & Christmas, told the Post that the huge number of October layoffs showed the economy was entering “new territory.”
“We haven’t seen mega-layoffs of the size that are being discussed now—48,000 from UPS, potentially 30,000 from Amazon—since 2020 and before that, since the recession of 2009,” he explained. “When you see companies making cuts of this size, it does signal a real shift in direction.”
So we’ve lost more jobs with tariffs than we did during a fucking global pandemic that sent the entire planet into lockdown? How is that “winning”?!
More than any single month of the Great Recession too, apparently.
Any October it is saying, not any month (I think)
It’s “winning” in the sense that the oligarchs are making money hand over first while the rest of us are getting fucked by them.
It’s all a matter of perspective, see /s
I think it’s only comparing Octobers to other Octobers.
too bad so sad they’re getting what a lot asked for
Maga-layoffs*
I wish
Cuts in retail and shipping right before holiday season does seem to indicate they’re reading the writing on the wall. Usually the same companies are ramping up to hire a slew of seasonal temps. Perhaps the cuts are mostly to desk jobs though.
Report being referenced in the article
Also interesting the cuts are hitting the Eastern and Southern US the most
Woo, Georgia #1!
…oh wait. 💀
Oh no.
Trump cost me and now an immediate family member our jobs
Headline was hard for my brain. I was like why 2003? I understand now. Can we also not forget the half a mill tech jobs that died under Genocidin? Trump is a bitch, for sure. So is Joe and Kamalat.
You mean the job losses due to the lockdowns and atrocious COVID handling of Trump? The ones that you’re trying to blame on Biden? Yet interestingly you’re only resolving for childish name calling for one side…
Fuck off with your bad faith
argumentlies.Basic Math: 1000000 > 500000
You: 500000 = 1000000 And completely unrelated, Biden = Genocide.
Pretty sure you are bad at math and a whole lot more.
