Layoffs in the U.S. have hit their highest levels since the COVID-19 pandemic, driven by government cuts, restructuring and AI.
    • joekar1990@lemmy.worldEnglish
      12·
      22 hours ago

      New BLS head is talking about delaying jobs reporting til they can ensure the data is “safe”…so you know August is about to be brutal. Going to have to check the ADP reports.

  • xyzzy@lemmy.today
    37·
    1 day ago

    Newsweek is such a rag. It contorts itself so hard to not say this is directly attributable to Trump’s incompetence.

    It confidently declares:

    The surge in layoffs in 2025 is due to a mix of government downsizing, corporate restructuring and the growing effects of artificial intelligence.

    The government fired nearly 300,000 workers, or about 36% of the total for the year. Fine.

    But the phrase “corporate restructuring” is doing a lot of heavy lifting. It goes on to say:

    Private sector cuts have been concentrated in industries under structural pressure. […] Retailers have been hit by softer discretionary spending, higher costs and changing consumer habits, prompting store closures. Other sectors above historical layoff norms include finance, business services and transportation, where companies are scaling back capacity after pandemic-era expansions.

    Economic conditions—including inflation, shifting demand and global uncertainty—have been cited in more than 170,000 job cuts so far this year. Business restructuring, store or plant closures, and bankruptcies have also played a major role.

    That’s Trump. Say it, you cowards.

    • wheezy@lemmy.ml
      2·
      17 hours ago

      Not sure I would say it’s incompetent. There is a reason that ICE is offering signing bonuses for new hires while every major company is laying off it’s workforce and spending all their money on stock buybacks.

      This isn’t stupidity. This is absolutely on purpose. They are building their Nazi military and using the threat of homelessness to get as many people as they can to join it.

    • mojofrododojo@lemmy.worldEnglish
      1·
      9 hours ago

      well it’s gonna cost the poorest thousands… and it’s only going to benefit the top few percent tens or hundreds of thousands, the tune of $4.5 trillion… four…point five… fukcing TRILLLION… . so yeah, bent over, fucked, no lube.

      funny enough, the magats will keep expecting a reach around, but nah… they’re just fucked too.

    • marsza@lemmy.cafeEnglish
      61·
      1 day ago

      Also the bitches that aren’t registered to vote or refused to vote because they didn’t like the options.