“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.

  • Thunderbird4@lemmy.world
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    11 hours ago

    I’m actually kind of shocked by the names at the bottom of the list. Like really? Marco Rubio’s entire net worth is less than a cheap house in the SF Bay Area?

      • ToastedRavioli@midwest.social
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        10 hours ago

        Same as how Trump is probably not actually worth $5B and its inflated, considering he acts like a broke ass bitch that cant even afford a McChicken sandwich

    • tal@lemmy.today
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      11 hours ago

      I would take this opportunity to point out that housing in the Bay Area is in ludicrously short supply and has driven house prices to pretty stupid levels. YIMBY’s been banging on it, but…