“Trump put billionaires in charge of everything,” said progressive Congressman Greg Casar. “It’s a disaster.”
The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral.
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.
Total announced job cuts in 2025 have now reached 1.1 million, a number that the Post describes as a “recession-like” level comparable to the steep job cuts announced in the wake of the dotcom bust of the early 2000s, the global financial crisis of 2008, and the onset of the Covid-19 pandemic in 2020.
lol nice, we’re reaching .com bubble levels of layoffs, wcgw
Edit: and we’re not even officially “in a recession” lmfao
I’m guessing we can’t be in a recession because the people who collect the data that we use to determine when we’re in a recession have all been fired.
We’re not in a recession because imports are subtracted from GDP. Since Imports have plummeted with tariffs, gdp data gives the false impression of a growing economy. Had imports been unchanged we would’ve had negative GDP reported.
Flying with no radar :)
Pay no mind to the cumulogranite.
Everything’s perfectly alright now. We’re fine - we’re all fine… here… now. Thank you. How are you?
And the AI bubble hasn’t even burst yet.
Don’t worry. It was on the front page of CNN; they said it hasn’t happened yet, so we’re good.
“Bear Stearns is fine” - Pete Opsec