What will be the effect of mass layoffs by dozens of companies?

[Adaeva]

https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2023#3m-6000-jobs-3

When workers are laid off, the spend less. That may result in more layoffs.

[SawerBrown]

How is it that at 14 you ask far more intelligent questions than most persons here do? I enjoy your questions but don't always have an answer. I agree with your last question/statement unfortunately companies like Microsoft don't care. I've been trying to get a billing error corrected with Microsoft for months and it is not an easy task. As they're out of touch with the real world.

[Adaeva]

I don't want to ask questions I've seen dozens of times such as, "Does this guy like me?" or "What does he mean by saying or doing this or that?" Instead, I derive most of my questions from reading articles and post on alternate media. Things you usually don't see in mainstream media.

[SawerBrown]

Very good keep it up

[SawerBrown]

I followed you

[exitseven]

real wages will go down, the economy will slow down, it will harder to find a job.

[Rosexøxø]

Yeah, it’s not good because it means the that economic society is not sustaining its people well enough.

No one should be laid off- ever. There should be enough people spending, enough workers, enough pay, and etc.

The concept of “laying off workers,” just means some people are “job trading.”

Someone is always taking a turn of being ‘seasonally unemployed,’ and straining budgets or starving, until they can get rehired and someone else gets laid off. Instead, no lay offs should happen, and everything should be accounted for.

Making cuts isn’t “budget” or about money- that’s a human life…

”human cuts,” is the proper phrase, and it shouldn’t be so.

I hate to say it, but if things don’t keep the flow and there’s some misfortune along the way, I think it’s expected that some people in the population would just.. die off-

from the demographics of homelessness, suicidal tendencies, and anything in the in-between.

You know what’s humanity’s biggest problem?

We build around and teach a whole lesson on “Scarcity.” 💸

It’s like we agree to and accept a word that should usually trigger alarm to us- like scorched/ parched/ drought.

Scarcity means lack and we don’t do anything to change that..

What do I think about lay off? It means someone’s pockets will be stretched and their stomachs will be tightened, until they find another job, and until the supply and demand, and all, balances out again.

Then someone else will take their turn of getting laid off. 🤷‍♀️

Yeah, not the most efficient.

[Jersey2]

It will reduce inflation. The Fed F’ed up and let inflation run wild like it hasn’t since 1980. Throwing gas on the fire was Biden putting in 40% more of new dollars into the economy with trillions in waste and fraud with things such as free money during Covid.

So now, the inept Fed who didn’t believe in inflation (because it was banished by her, Janet Yellen, predecessors so successfully that she didn’t think it was real anymore), must bring the economy in for a hard landing. Remember Bezo saying not to make big purchases in December because there will be hard times coming? This is what he meant. Anyone who has been paying attention knows that we are going to go into Recession this year. It’s coming and some companies are getting ahead of it.

Many on here voted for this recession with their vote for Democrats. I’m okay so I will just watch the financial chaos unfold. Those who literally votes for this will vote for financial meltdown in 2024. Elections do have consequences. More to come in the economy, buckle up.

[BeMuse]

Obviously people in California and Washington are going to have a hard time...

[Surely]

You are so wise beyond your years. You show more sense than about all of the politicians!
No jobs. No money. More welfare. More taxes on the still working peoples. More crime. Almost nothing good comes from unemployment!

[PointTaken]

Mass lines at unemployment. Spending will go up a little as people get bored at home so they buy more. As long as they get unemployment.

[Adaeva]

Unemployment is less than a person's salary. It is hard to spend more if you are receiving less. I realize their are many stupid people will spend whatever savings they have like their is no tomorrow,. However, smart people spend less so they can survive longer.

[PointTaken]

So true. Sometimes with people spending less, the cost of items go up to make up for the loss. Or as how food goes, the items get smaller but prices stay the same.

[Anonymous]

Well in the short term it increase the value of the stock I own in those companies so. ::🍸:cheers:🍸::!