Layoffs ramping up and it aint just tech. Walmart lays off 2000 workers
- Thread starter JLova
- Start date
You know that can change rather quickly and the Fed is doing whatever it can to jack up that number?
Also the job numbers are janky as hell.
They call it an “opportunity”
JetFueledThoughts
Superstar
You’re in here saying the unemployment rate will hit double digits when that didn’t even happen during the ‘08 recession. THAT’S janky as hell.
A lot of companies (especially tech) overspent during ‘20-‘22 because free money was floating around. Now that interest rates are up to fight inflation those same companies are having to cut back. The world isn’t falling apart. Companies are laying people off then they’re finding jobs relatively quickly. The unemployment rate is .2 % lower than it was in Feb of ‘22. Stop it
Blame the government when inflation is goin crazy then blame the government when unemployment goes up. You can’t have both.
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It ain’t just one person. Don’t be foolish
In just fishing for your angle. You saying a lot and nothing at the same time
I hope nobody thought it would stop at tech
Mindfield333
Superstar
They had hit me up about an data analyst position but I wasn’t open to being in Arkansas
Reading is fundamental. I said unemployment COULD get close to double digits. Thrn I said it could get even worse it all depends how soon the Fed decides to change direction and hoe much damage will be caused. Economy doesn’t turn on a dime.
Let me ask you. In 08 what was the equivalent of Microsoft, Disney, Google, Twitter, Meta laying off tens of thousands of people in a couple months?
US is in a tough spot.
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Dare I say that gig economy is a domino effect on shyt like this and wal marts refusal to pay their employees and have 3 cashiers in the whole store and even raised prices to the point you better off going to frys/ralphs with a better experience?
JetFueledThoughts
Superstar
The world COULD also explode in 2 years from global warming, but you’re still gonna be called an idiot if you make a thread screaming panic about it.
As for the bolded? Context is also fundamental, but you don’t care about that shyt. Check the below
prime
Superstar
That’s crazy because Walmart has a new warehouse in Joliet Illinois and they just had a big azz job fair my cousin is a lead there and 4 of my cousins just got hired i know Amazon is closing down their warehouses with the least traffic so maybe this is the same
Edit: i feel for the people losing their jobs but now that I think about it 2,000 isn’t a lot their are 210 Walmart warehouses and 50 Sams club warehouse I know my cousin warehouse alone has 1100 employees and looking to fill 120 more positions just texted her
Edit: i feel for the people losing their jobs but now that I think about it 2,000 isn’t a lot their are 210 Walmart warehouses and 50 Sams club warehouse I know my cousin warehouse alone has 1100 employees and looking to fill 120 more positions just texted her
CEO of Morgan Industries
Superstar
Consumer spending is weirdly up.
Even with layoffs in tech, there are a lot of people still working in STEM, health care, finance, etc., who can and will just pay more for products. It's interesting. If you're single and making 125K+ a year, or married with no kids and making a combined 225K+ a year, you probably are more likely to gripe a little about higher prices, but spend anyway. I wonder if there are more of those consumers in the market than ever before, which explains the disconnect.
