Half of US companies gearing up for layoffs, survey suggests

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[–]jagworms 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

In the other half of companies, all their best people are retiring/dying and aren't being replaced fast enough.

[–]IkeConn 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

When the first wave of newly homeless people hit the road it will be the beginning of the end.

[–]SoCo 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Broke people don't buy things. We are just seeing the very tip of inflation.

[–]HeyBobby 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

If less people buy things that lowers inflation...

[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

People will buy less of everything that is non-necessities. Most of our economy is centered around US prosperity and a vibrant entertainment, gluttony, excess, and other non-necessities. It will be a major shift that may cause huge companies to fold and years long supply chain challenges to keep a stable supply of necessities.

[–]jingles 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Let's not forget now that miss Kamala Harris has already laid the groundwork to legalize prostitution and other respectable forms of sex working.

https://youtu.be/F-_Qf5v-QJE

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The fed just raised rates so money is harder to get for the big banks, which means all these companies that are surviving on cheap loans are not going to survive when the loans become expensive (due to much higher interest rates). This is what is happening across every industry. In many nations simultaneously too, a lot of central banks are now having to raise rates to counteract the massive inflation caused by all the two years of "emergency" covid stimulus printing.

This will thin the herd of businesses, but it will also make food costs and etc stop inflating so fast (hopefully). Inflation is way out of control just like in the 1980s (because that's what happens when you print like 60% of it in just two years) so now they're raising interest rates to make money harder to get to counteract inflation. Every company and person surviving solely on cheap debt, or who has an adjustable rate mortgage, is going to be in trouble in the coming months and years as this all gets sorted out.

[–]Brewdabier 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

No worries, once the lazy workers are out Bidens illegals will do the work.

[–]Cass 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

But I thought there's a worker shortage.

[–]SMCAB 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Of course they are, anyone with two brain cells to rub together isn't spending money right now.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's no surprise when you are in a recession, ain't that right Biden?