Layoffs ramping up and it aint just tech. Walmart lays off 2000 workers

[GzUp]

Wages continue to go up though, and even though there laying off people, their hiring continues

 

[GzUp]

I just think it’s crazy to even report 2000 people getting layed off in Walmart, that’s like a drop in a bucket.

 

[Ezekiel 25:17]

Just remember who to blame when the cat is out the bag.

Can you really blame Biden on this?

 

[keon]

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

Yeah None of those Wal-Mart layoffs were in Illinois

 

[Standing on business]

Wages continue to go up though, and even though there laying off people, their hiring continues

Where? What sector?

 

[GzUp]

Where? What sector?

I’m in healthcare and I got a raise

 

[Kyle C. Barker]

Just remember who to blame when the cat is out the bag.

In Walmart's case, probably Amazon. Probably a good time to buy their shares

 

[Lonj]

Was at CVS the other day. It was mad busy with only one employee and a manager running the store. When I finally got checked out, the employee told me all that "no one wants to work/everybody hiring" is pure cap. CVS puts a now hiring sign out but doesn't hire anyone and if they do they keep their hours down to a bare minimum in order to cut costs.

 

[GzUp]

Was at CVS the other day. It was mad busy with only one employee and a manager running the store. When I finally got checked out, the employee told me all that "no one wants to work/everybody hiring" is pure cap. CVS puts a now hiring sign out but doesn't hire anyone and if they do they keep their hours down to a bare minimum in order to cut costs.

Rumor was so they didn’t have to pay there ppp loans

 

[karim]

Think about how low you’d have to be on the intellectual scale to make such an idiotic post.

How is that an idiotic post? If you have a complaint about the economy, your adress is Trudeau not Biden

 

[aXiom]

Just remember who to blame when the cat is out the bag.

Care to expand in this?

I mean, the FED has been adamant about getting inflation under control and Jerome has outright said the labor market is too hot and they’re looking for a certain % of unemployment. They’re trying to avoid a wage-price spiral and run away inflation by slowing cheap money resulting in what you’re seeing now. Even so, a lot of companies went on a hiring spree during the pandemic to keep up with demand and compared to the people that have been laid off so far, there’s still a lot more jobs to go.

I’m not sure what exactly you expect to happen here. Payroll is the highest cost for companies, the pandemic boom is over, the fed keeps raising interest rates making borrowing more expensive.. do you not expect companies to adjust? How exactly do you want this to play out?

 

[JetFueledThoughts]

In just fishing for your angle. You saying a lot and nothing at the same time

He’s mostly just saying nothing

 

[JLova]

Can you really blame Biden on this?

Biden partially to blame but he was put in a difficult position. Blame game is Trump, The Fed, Biden and straight up greed.

 

[Lonj]

Rumor was so they didn’t have to pay there ppp loans

 

[Gloxina]

I was watching business news the other day and they were implying that the Fed wants layoffs to occur, to assist with bringing down inflation.

I'm not a business or economics major btw.

That’s exactly what is happening. I heard someone refer to this as a “controlled demolition”.

Just keep your eyes open and don’t spend more than you need to