Massive Layoffs Are Coming in 2024

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samurai_science
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12:50a, 1/13/24
https://www.newsweek.com/mass-layoffs-happening-2024-hiring-freeze-1855942


n the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. More than half of companies also said they plan to implement a hiring freeze in 2024.

https://www.forbes.com/sites/brianbushard/2024/01/12/amazon-google-duolingo-cut-hundreds-of-jobs-here-are-the-2024-tech-layoffs/?sh=3fe6f413bd2e

Amazon, Google, Duolingo Cut Hundreds Of Jobs: Here Are The 2024 Tech Layoffs

https://tech.co/news/tech-companies-layoffs

2024 looks set to follow last year's trend for tech layoffs.
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samurai_science
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12:51a, 1/13/24
It's going to get ugly for people, hopefully they punish the leftist in the election
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Rapier108
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12:52a, 1/13/24
Not possible, every report we hear in the media, even Fox News, says the economy is roaring along, inflation is dropping, and Bidenomics is working great.

Sarcasm for those who don't get the concept.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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samurai_science
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12:54a, 1/13/24
They will be along to post a graph
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sanangelo
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12:56a, 1/13/24
AG
My hope is despite the Democrats, who are truly awful people who installed this wasted demented shadow of a man as president with dishonest election strategies, our Texas economy continues to grow and offer opportunities.

Anecdotally, the price of gas less than $2.30 a gallon has been awesome for my company.
San Angelo LIVE!
https://sanangelolive.com/
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C@LAg
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1:00a, 1/13/24
it is inevitable.

companies over hired during COVID/immediately post-COVID (anticipating lots of growth only to be undercut by rising interest rates), and they need to shed a lot of the redundant and unnecessary headcount. Plus some actual belt-tightening for many companies.

that and they ALSO have to shed a lot of unused office space that is sucking at the bottom line.
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C@LAg
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In reply to samurai_science • 1:05a, 1/13/24
samurai_science said:
They will be along to post a graph
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AggieVictor10
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In reply to C@LAg • 1:07a, 1/13/24
AG
C@LAg said:
samurai_science said:
They will be along to post a graph


gifs you can hear…

Also, i have recruiters from a few tech companies hitting me up right now, so i'm a little concerned. Moderately, even.
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BadMoonRisin
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8:31a, 1/13/24
AG
company i was involved in a 5% cut with last feb is going to have 5% to possibly double next month.

We are talking 6-10k heads. All because our politicians China virus response, predictably, crushed the our economy.
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Logos Stick
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8:39a, 1/13/24
My company doesn't announce it, so I'll find out if and when the heads roll. (Hopefully not including my head)
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zephyr88
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In reply to samurai_science • 8:45a, 1/13/24
AG
samurai_science said:
https://www.newsweek.com/mass-layoffs-happening-2024-hiring-freeze-1855942


n the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. More than half of companies also said they plan to implement a hiring freeze in 2024.

https://www.forbes.com/sites/brianbushard/2024/01/12/amazon-google-duolingo-cut-hundreds-of-jobs-here-are-the-2024-tech-layoffs/?sh=3fe6f413bd2e

Amazon, Google, Duolingo Cut Hundreds Of Jobs: Here Are The 2024 Tech Layoffs

https://tech.co/news/tech-companies-layoffs

2024 looks set to follow last year's trend for tech layoffs.
Why am I supposed to worry about a language learning software company's employee count?
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techno-ag
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8:57a, 1/13/24
AG
I imagine after the election it's going to get rough. And if the Republicans take back the White House (God willing), then all those skewed economic indicators will suddenly get corrected and our DNC-controlled mainstream media will suddenly announce we're in a recession.
Trump will fix it.
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zephyr88
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In reply to techno-ag • 9:07a, 1/13/24
AG
techno-ag said:
I imagine after the election it's going to get rough. And if the Republicans take back the White House (God willing), then all those skewed economic indicators will suddenly get corrected and our DNC-controlled mainstream media will suddenly announce we're in a recession.
You are 100% correct. The propaganda media fully contributes to about half of the problems in America.
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Owlagdad
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9:08a, 1/13/24
...... And we are letting in thousands at our southern border....where they gonna work?
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Tailgate88
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In reply to Owlagdad • 9:14a, 1/13/24
AG
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?


All they have to do is vote Democrat and the gubmint will take care of them.
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HollywoodBQ
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In reply to Owlagdad • 9:15a, 1/13/24
AG
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?
Home Depot and U-Haul parking lots in Hollywood, North Hollywood, Burbank, Glendale, etc.

Fruit carts in the Home Depot parking lot and on the side of the street on Sherman Way.

Kitchens and cleaning services everywhere.

This is way Texas should not be sending illegals to California.

California needs to wallow in its self created labor shortage.
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Logos Stick
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In reply to Owlagdad • 9:17a, 1/13/24
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?


Let's see...

They have a warm bed, hot meals, cell phones and clothing all for free.

They are rich compared to where they came from. Why work?
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Owlagdad
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In reply to Tailgate88 • 9:18a, 1/13/24
Tailgate88 said:
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?


All they have to do is vote Democrat and the gubmint will take care of them.
Wish the elites would feel the sting.............. but it will be you and me.
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rocky the dog
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9:21a, 1/13/24
AG
Elections are when people find out what politicians stand for, and politicians find out what people will fall for.
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BigRobSA
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In reply to BadMoonRisin • 9:23a, 1/13/24
BadMoonRisin said:
company i was involved in a 5% cut with last feb is going to have 5% to possibly double next month.

We are talking 6-10k heads. All because our politicians China virus response, predictably, crushed the our economy.


This is why 80 yo libs, in either party, should be shunned.
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B-1 83
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In reply to samurai_science • 9:23a, 1/13/24
AG
samurai_science said:
They will be along to post a graph
See what you did there, I do.
Being in TexAgs jail changes a man……..no, not really
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aTmAg
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9:24a, 1/13/24
AG
Companies that unload their DEI groups first win.
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Logos Stick
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In reply to aTmAg • 9:25a, 1/13/24
aTmAg said:
Companies that unload their DEI groups first win.



Odds on them doing that? I think low.
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aTmAg
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In reply to Logos Stick • 9:29a, 1/13/24
AG
Then they will lose market share to those who do.
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HumpitPuryear
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In reply to Logos Stick • 9:31a, 1/13/24
AG
Logos Stick said:
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?


Let's see...

They have a warm bed, hot meals, cell phones and clothing all for free.

They are rich compared to where they came from. Why work?

Hmmm military aged men with no job or skills or loyalties to America? I'm guessing that they are hired by DOJ and the Soros foundation.
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Sharpshooter
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9:36a, 1/13/24
AG
learn to code.
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No Spin Ag
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In reply to Owlagdad • 9:47a, 1/13/24
Owlagdad said:
Tailgate88 said:
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?


All they have to do is vote Democrat and the gubmint will take care of them.
Wish the elites would feel the sting.............. but it will be you and me.


There will be plenty who will see their stocks go up because of this. There's a good chance many on here will see their numbers look better too when that happens.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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TTUArmy
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In reply to No Spin Ag • 10:11a, 1/13/24
No Spin Ag said:
Owlagdad said:
Tailgate88 said:
Owlagdad said:
...... And we are letting in thousands at our southern border....where they gonna work?
All they have to do is vote Democrat and the gubmint will take care of them.
Wish the elites would feel the sting.............. but it will be you and me.
There will be plenty who will see their stocks go up because of this. There's a good chance many on here will see their numbers look better too when that happens.
Stock buy backs...
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Street Fighter
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In reply to Logos Stick • 11:00a, 1/13/24
AG
One of my colleagues is in a leadership roll for our companies ERGs, overheard her telling her ppl they should probably dial back on the push on these given the changing environment. Im guessing some of the internal complaints / concerns about them are beginning to have an effect.
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BadMoonRisin
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In reply to Street Fighter • 11:06a, 1/13/24
AG
They kept asking me, year over year, why I didnt want to join an ERG.

Hmmm let's see, which one will you have me join? There were none for SWMs, or even any I'd want to join anyway, if immutable characteristics are to be celebrated for any reason...

There's no group for me. And if there was, all these other "inclusive" windowlickers would probably be screeching like harpies about it.
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techno-ag
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In reply to BadMoonRisin • 11:34a, 1/13/24
AG
BadMoonRisin said:
They kept asking me, year over year, why I didnt want to join an ERG.

Hmmm let's see, which one will you have me join? There were none for SWMs, or even any I'd want to join anyway, if immutable characteristics are to be celebrated for any reason...

There's no group for me. And if there was, all these other "inclusive" windowlickers would probably be screeching like harpies about it.
Yup. You can find a good men's group at church, typically. As usual, churches step in where government and NGOs won't.
Trump will fix it.
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Street Fighter
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In reply to BadMoonRisin • 11:57a, 1/13/24
AG
They ask us to attennd their events in order to be good allies. Many ppl have joined these, but its all mostly fakery for some to possibly advance their career and to keep hr happy.

One of my employees is from Compton and hates the things, jokingly calls them X Inc clubs and farts them off every chance he gets.
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Ags4DaWin
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12:00p, 1/13/24
Most of the jobs lost will be DEI and useless jobs held by woke feminists

Hopefully the correction forces alot of companies to cut back on their useless DEI programs that bring in no money and are solely for "nice feelings".

The companies that don't will struggle unless the US taxpayer bails them out...

Again
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sharpdressedman
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12:05p, 1/13/24
The BLS, Treasury/Fed, and the msm will continue to propagandize about the economy until reality smacks main street Americans on the mouth. Then, somehow, someway, the pivot will be to blame the republicans.

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dmart90
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12:12p, 1/13/24
AG
From the article, Spotify cut 1500 jobs (17%). AI makes a ton of sense there. But the real question in my mind is how the hell was Spotify a 10000 person company too begin with?
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