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The Biden Recession
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Brewha Offline
#101 Posted: Tue, Feb 7 2023, 9:33 PM EST
Joined: 01-25-2010
Posts: 12,182
d'oh!
Brewha Offline
#102 Posted: Tue, Feb 7 2023, 9:34 PM EST
Joined: 01-25-2010
Posts: 12,182
Sunoverbeach wrote:
Before or after big tech layoffs?

Today.
burning_sticks Offline
#103 Posted: Wed, Feb 8 2023, 11:10 AM EST
Joined: 08-17-2020
Posts: 152
Brewha wrote:
The lowest unemployment in 50 years….

You have any data on the size of the workforce seeking jobs now versus pre-covid? Wondering if it's just a smaller percentage of a much smaller pie.
Stogie1020 Offline
#104 Posted: Wed, Feb 8 2023, 11:31 AM EST
Joined: 12-19-2019
Posts: 5,338
Brewha wrote:
The lowest unemployment in 50 years….


To be clear, it's the same unemployment rate under Trump pre-Covid, then Covid hit, people lost their jobs and now those people are back to work.

Also, to Burning_Sticks point, a lot of people simply left the workforce and are no longer seeking employment.

You know, details.
Brewha Offline
#105 Posted: Wed, Feb 8 2023, 11:57 AM EST
Joined: 01-25-2010
Posts: 12,182
Yeah, huh - I guess everyone knows the work force much smaller now than over the past 50 years....
Stogie1020 Offline
#106 Posted: Wed, Feb 8 2023, 12:30 PM EST
Joined: 12-19-2019
Posts: 5,338
I love how you pick and choose details... It's amusing.
Brewha Offline
#107 Posted: Wed, Feb 8 2023, 12:36 PM EST
Joined: 01-25-2010
Posts: 12,182
And here I thought this whole thread was about picking and choosing details.... Think
HockeyDad Offline
#108 Posted: Wed, Feb 8 2023, 6:27 PM EST
Joined: 09-20-2000
Posts: 46,134
The Walt Disney Company announced Wednesday it is trimming its payroll by some 7,000 employees, becoming the latest major firm to cut jobs as economic uncertainty weighs.
HockeyDad Offline
#109 Posted: Wed, Feb 8 2023, 6:29 PM EST
Joined: 09-20-2000
Posts: 46,134
Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes.
Brewha Offline
#110 Posted: Wed, Feb 8 2023, 6:49 PM EST
Joined: 01-25-2010
Posts: 12,182
If all of the layoff in this thread were combined, they would not add up to even the smallest fraction of workers in the US. Meaninglessly small numbers.

A tempest in a teapot.

Besides, layoffs are good for businesses. Therapeutic. Making America Great - again…



But hey, we got find SOMETHING blame Biden with.
ZRX1200 Offline
#111 Posted: Wed, Feb 8 2023, 8:17 PM EST
Joined: 07-08-2007
Posts: 60,613
I’m sure the laid off tech folks don’t feel like a tea pot.
ZRX1200 Offline
#112 Posted: Wed, Feb 8 2023, 8:17 PM EST
Joined: 07-08-2007
Posts: 60,613
Or a Pontiac.
Stogie1020 Offline
#113 Posted: Wed, Feb 8 2023, 11:29 PM EST
Joined: 12-19-2019
Posts: 5,338
Brewha wrote:
If all of the layoff in this thread were combined, they would not add up to even the smallest fraction of workers in the US. Meaninglessly small numbers.

A tempest in a teapot.

Besides, layoffs are good for businesses. Therapeutic. Making America Great - again…



But hey, we got find SOMETHING blame Biden with.



We shut down our country/economy for a 0.3% mortality rate (in US) virus... Now you are saying small numbers don't matter?
Brewha Offline
#114 Posted: Thu, Feb 9 2023, 9:43 AM EST
Joined: 01-25-2010
Posts: 12,182
Stogie1020 wrote:
We shut down our country/economy for a 0.3% mortality rate (in US) virus... Now you are saying small numbers don't matter?

Deaths = layoffs

False equivalency anyone?
Stogie1020 Offline
#115 Posted: Thu, Feb 9 2023, 2:56 PM EST
Joined: 12-19-2019
Posts: 5,338
Brewha wrote:
Deaths = layoffs

False equivalency anyone?

Once again, you cherry pick...
Brewha Offline
#116 Posted: Thu, Feb 9 2023, 3:43 PM EST
Joined: 01-25-2010
Posts: 12,182
Stogie1020 wrote:
Once again, you cherry pick...

Ad hominem anyone?
HockeyDad Offline
#117 Posted: Thu, Feb 9 2023, 3:49 PM EST
Joined: 09-20-2000
Posts: 46,134
Welcome to the 'rolling recession' economy

New York(CNN) Wall Street is baffled by this economy.

The labor market is thriving. US unemployment is at its lowest level since 1969. GDP and retail sales indicate that the economy is still expanding.

Yet US manufacturing has likely already contracted into a recession, housing sales have plummeted, tech layoffs keep coming and corporate earnings growth is souring.

So is the US economy heading towards a soft or hard landing? Or maybe no landing at all?

While the broader economy has thus far escaped a National Bureau of Economic Research-designated recession, various segments have experienced their own cool downs and some economists say this perplexing phenomenon is the product of a "rolling recession." That's when an economic downturn sweeps slowly across the economy, impacting sectors one by one.

"A rolling recession — where various sectors of the economy take turns contracting rather than simultaneously — is in progress," wrote Sung Won Sohn, professor of finance and economics at Loyola Marymount University and chief economist of SS Economics, in a note last week.

What's happening: During Covid lockdowns, money was funneled into the goods sector because there was very little access to services as consumers quarantined in their homes. Then, as the economy reopened, pent up demand caused a huge surge in services.

That created "pockets of weakness in many categories on the goods side, certainly in housing, that are definitely in recession territory," said Liz Ann Sonders, chief investment strategist with Charles Schwab. The economy hasn't fully retrenched because "we've had the offsetting strength on services," she said.

"We continue to think the economy will suffer from rolling recessions, evidenced by the fact that corporate earnings growth is now entering its downturn," wrote Sonders in a note on Wednesday.

So far, about 42 S&P 500 companies have issued negative earnings guidance for the first quarter of 2023, while just eight have issued positive guidance. About 69% of reporting companies missed analysts' expectations for the last quarter, according to data from Refinitiv.
Speyside2 Offline
#118 Posted: Fri, Feb 10 2023, 7:02 AM EST
Joined: 11-11-2021
Posts: 2,387
The economy is not improving. Numbers can always be manipulated to prove whatever you want them to.
DrMaddVibe Offline
#119 Posted: Fri, Feb 10 2023, 7:32 AM EST
Joined: 10-21-2000
Posts: 55,440
Speyside2 wrote:
The economy is not improving. Numbers can always be manipulated to prove whatever you want them to.



Why....that's just craaaaazy talk. Just ask Brewha!
Brewha Offline
#120 Posted: Fri, Feb 10 2023, 3:49 PM EST
Joined: 01-25-2010
Posts: 12,182
Speyside2 wrote:
The economy is not improving. Numbers can always be manipulated to prove whatever you want them to.


So - if the numbers can't be trusted, how would you know that the economy is NOT improving?
DrafterX Offline
#121 Posted: Fri, Feb 10 2023, 6:12 PM EST
Joined: 10-18-2005
Posts: 98,552
 Aw, "repression"... "recession"... It's all da same thing, man. .. Mellow
Brewha Offline
#122 Posted: Fri, Feb 10 2023, 8:47 PM EST
Joined: 01-25-2010
Posts: 12,182
Axl wrote that…
Speyside2 Offline
#123 Posted: Sat, Feb 11 2023, 6:50 PM EST
Joined: 11-11-2021
Posts: 2,387
I base this on the number of tech jobs being lost. Plus the stock market is in bad shape though that is not a clear indicator of economic health. Finally, there is a vast number of people who no longer qualify for unemployment so they are considered employed.
DrMaddVibe Offline
#124 Posted: Sun, Feb 12 2023, 8:38 AM EST
Joined: 10-21-2000
Posts: 55,440
It's not just the Tech sector that's facing job cuts though.
Brewha Offline
#125 Posted: Mon, Feb 13 2023, 9:55 AM EST
Joined: 01-25-2010
Posts: 12,182
Speyside2 wrote:
I base this on the number of tech jobs being lost. Plus the stock market is in bad shape though that is not a clear indicator of economic health. Finally, there is a vast number of people who no longer qualify for unemployment so they are considered employed.

Granted the economy has it's ups and downs - and numbers can be given to argue both sides.

I'm looking for a direct link between these market correction type layoffs and the action of the administration.
Besides the obvious "Let's Go Brandon" - which in fairness is all some need to know.
RayR Offline
#126 Posted: Mon, Feb 13 2023, 1:37 PM EST
Joined: 07-20-2020
Posts: 8,892
Brewha wrote:
Granted the economy has it's ups and downs - and numbers can be given to argue both sides.

I'm looking for a direct link between these market correction type layoffs and the action of the administration.
Besides the obvious "Let's Go Brandon" - which in fairness is all some need to know.


You must be blind to the effects of Brandon's policies over the last few years. Keep looking, you just might have an epiphany.
Stogie1020 Offline
#127 Posted: Mon, Feb 13 2023, 1:54 PM EST
Joined: 12-19-2019
Posts: 5,338
Brewha wrote:
Granted the economy has it's ups and downs - and numbers can be given to argue both sides.

I'm looking for a direct link between these market correction type layoffs and the action of the administration.
Besides the obvious "Let's Go Brandon" - which in fairness is all some need to know.

Here you go, please tell me why we should ignore this:

https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths


Just the first chart will do. See that MASSIVE jump in inflation starting right after Jan, '21? Hmmm, what happened in Jan, '21? Anyone? Anyone? Bueller?
Brewha Offline
#128 Posted: Mon, Feb 13 2023, 3:51 PM EST
Joined: 01-25-2010
Posts: 12,182
Stogie1020 wrote:
Here you go, please tell me why we should ignore this:

https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths


Just the first chart will do. See that MASSIVE jump in inflation starting right after Jan, '21? Hmmm, what happened in Jan, '21? Anyone? Anyone? Bueller?

Uhmmm - COVID?


What actions do you attribute to the administration? Or is this just guilt by association?
Stogie1020 Offline
#129 Posted: Mon, Feb 13 2023, 4:20 PM EST
Joined: 12-19-2019
Posts: 5,338
You are the guy sitting at a table in the kitchen of a house totally engulfed in flames smiling and loudly stating "EVERYTHING IS ALRIGHT!"...

It's pretty pathetic.
Brewha Offline
#130 Posted: Mon, Feb 13 2023, 6:17 PM EST
Joined: 01-25-2010
Posts: 12,182
Stogie1020 wrote:
You are the guy sitting at a table in the kitchen of a house totally engulfed in flames smiling and loudly stating "EVERYTHING IS ALRIGHT!"...

It's pretty pathetic.


Yeah - poor Brewha - he thinks there are reasons for inflation (global inflation too) beyond “Joe did it”.

So you got nothin on this, right?

No action by the administration, no pandemic, no social, economic, geothermal, or parametric cause besides - “Let’s Go Brandon”.

Pretty weak, my friend.





Not a mater of Pathos - See: Logos.
Brewha Offline
#131 Posted: Mon, Feb 13 2023, 7:11 PM EST
Joined: 01-25-2010
Posts: 12,182
“Biden Did it”


The Detroit News:


Ford details $3.5 billion electric vehicle battery plant to be built in Marshall

Ford Motor Co. signaled Monday that Michigan will play a central role in the Dearborn automaker's bid to secure its electric-vehicle supply chain and diversify its battery technologies.

The Blue Oval confirmed plans to invest $3.5 billion to build the first automaker-backed lithium iron phosphate battery plant in the United States. Ford is doing so with Contemporary Amperex Technology Co. Ltd., or CATL, under a licensing agreement with the China-based company, the world's leading battery manufacturer.

The venture, slated to come online in 2026, will initially create 2,500 jobs. The plant, as The Detroit News previously reported, will be built on the Marshall Megasite in Calhoun County and will be called BlueOval Battery Park Michigan. It would be part of a wholly-owned Ford subsidiary and could be expanded in the future.
DrMaddVibe Offline
#132 Posted: Mon, Feb 13 2023, 7:55 PM EST
Joined: 10-21-2000
Posts: 55,440
Brewha wrote:
“Biden Did it”


The Detroit News:


Ford details $3.5 billion electric vehicle battery plant to be built in Marshall

Ford Motor Co. signaled Monday that Michigan will play a central role in the Dearborn automaker's bid to secure its electric-vehicle supply chain and diversify its battery technologies.

The Blue Oval confirmed plans to invest $3.5 billion to build the first automaker-backed lithium iron phosphate battery plant in the United States. Ford is doing so with Contemporary Amperex Technology Co. Ltd., or CATL, under a licensing agreement with the China-based company, the world's leading battery manufacturer.

The venture, slated to come online in 2026, will initially create 2,500 jobs. The plant, as The Detroit News previously reported, will be built on the Marshall Megasite in Calhoun County and will be called BlueOval Battery Park Michigan. It would be part of a wholly-owned Ford subsidiary and could be expanded in the future.



He sure did!

Ford Plans to Lay Off 8,000 Workers to Help Finance Electric-Vehicle Initiative



Ford Motor Company plans to lay off as many as 8,ooo employees in the coming weeks to help finance its electric-vehicle initiative.

The cuts will affect the newly established Ford Blue unit that produces engines for gas-powered vehicles, as well as other salaried, operational positions throughout the company, people familiar with the development told Bloomberg.

Under the auspices of Chief Executive Officer Jim Farley, in March Ford diversified its automotive manufacturing into two distinct business projects: the “Model e” unit for EV development and “Ford Blue” for internal-combustion engines.

Some staff are likely to be let go this summer, and the layoffs may happen in stages, the people said. They are expected to target the U.S. sector of Ford, where 31,000 salaried workers are employed, Bloomberg noted. Declining to comment on the potential job cuts, Ford emphasized that it is committed to revolutionizing EVs, where many automakers believe the future of the car market is headed.

“As part of this, we have laid out clear targets to lower our cost structure to ensure we are lean and fully competitive with the best in the industry,” Chief Communications Officer Mark Truby said in a statement.

Reducing staff numbers is crucial to increase profits, especially in the Ford Blue division, which is not running as efficiently as it could be, Farley has said. The extra cash flow can support the subsidization of scaling up EVs. Some Ford profits have been lost to some of its EV models due to soaring commodity and warranty costs, Bloomberg added.

“The funding for that $50 billion, it’s all based on our core automotive operations,” Farley said in a March interview with Bloomberg Television. “That’s why we created a separate group called Ford Blue, because we need them to be more profitable to fund this.”

EVs have been viewed as a major step in the decarbonization of the economy. However, the energy transition to EVs, while environmentally friendly, has inevitably resulted in lost jobs, especially those of auto-service technicians and other blue-collar roles. It is still unclear whether EVs will be a significant source of net new green jobs, our Andrew Stuttaford has noted.

Ford’s plans come after President Biden, frustrated with the demise of his sweeping legislative agenda aimed at cutting greenhouse-gas emissions and preparing vulnerable communities for natural disasters, claimed the U.S. is in a climate “emergency” Wednesday. He vowed to use bold strokes to bypass Congress.

“Since Congress is not acting as it should, and these guys here are, but we’re not getting any Republican votes, this is an emergency,” Biden said. “As president I’ll use my executive powers to combat climate crisis in the absence of congressional action.”

https://news.yahoo.com/ford-plans-lay-off-8-230054227.html


Remember when Mumbles uttered he didn't work for that guy in the auto plant? He meant that.
DrMaddVibe Offline
#133 Posted: Tue, Mar 7 2023, 1:28 PM EST
Joined: 10-21-2000
Posts: 55,440
Meta To Cut More Jobs As Soon As This Week



Meta Platforms Inc., the owner of Facebook and Instagram, is preparing to carry out another round of layoffs this week as part of its efforts to enhance organizational efficiency, according to Bloomberg.

The upcoming job cut is part of cost-cutting measures known as "flattening," as per anonymous sources familiar with the matter. These insiders revealed that Meta had asked directors and vice presidents to compile lists of employees who could be terminated. This comes as the world's largest social networking company has experienced a decrease in advertising earnings and dialed back investments in the metaverse.

The job cut, which could start as early as this week, will add to the November layoffs of approximately 13% of its workforce (equivalent to around 11,000 employees). Sources said the job cut would be ready before CEO Mark Zuckerberg goes on parental leave for his third child.

Zuckerberg has previously indicated 2023 will be a "year of efficiency." He told analysts in February he is focused on "cutting projects that aren't performing or may no longer be crucial" and plans on "removing layers of middle management to make decisions faster."

According to the Financial Times, Meta team leaders and project managers allegedly have trouble planning their workloads due to the lack of transparency regarding the imminent headcount reduction.

As the prospect of new job cuts looms, workers at Meta have reportedly informed the Financial Times that no work is being completed.

"The year of efficiency is kicking off with a bunch of people getting paid to do nothing," another employee said, adding that day-to-day work "is a mess."

Headcount reduction at tech companies continues full steam ahead in 2023. Website job tracker Layoffs.fyi show 461 tech companies have slashed 125,677 jobs so far this year.

Here are the some of the largest tech job cuts over the last several years.

There's no slowdown in tech layoffs.

https://www.zerohedge.com/markets/meta-cut-more-jobs-soon-week
ZRX1200 Offline
#134 Posted: Tue, Mar 7 2023, 2:52 PM EST
Joined: 07-08-2007
Posts: 60,613
I think each American only has to cut a check for $274k ea right now.

#winning
rfenst Offline
#135 Posted: Tue, Mar 7 2023, 3:34 PM EST
Joined: 06-23-2007
Posts: 39,330
U.S. Bureau of Labor Statistics

https://www.bls.gov/news.release/empsit.nr0.htm

February's numbers may not be in yet...
Brewha Offline
#136 Posted: Wed, Mar 8 2023, 2:35 PM EST
Joined: 01-25-2010
Posts: 12,182
And now a word from the far right reality denial team...
ZRX1200 Offline
#137 Posted: Wed, Mar 8 2023, 3:38 PM EST
Joined: 07-08-2007
Posts: 60,613
Congress bears as much responsibility in this as every sitting president that signs the budget.

We have a horrific track record the last twenty years with debt. And we’ve had control by both parties in both legislative and executive branches. One party talks about it and does nothing meaningful while enriching contributors coffers. The other major party talks of “investments” and enriches contributors coffers and insulates public employees security.

Tell me where I’m wrong pretty please
RayR Offline
#138 Posted: Wed, Mar 8 2023, 5:40 PM EST
Joined: 07-20-2020
Posts: 8,892
ZRX1200 wrote:
Congress bears as much responsibility in this as every sitting president that signs the budget.

We have a horrific track record the last twenty years with debt. And we’ve had control by both parties in both legislative and executive branches. One party talks about it and does nothing meaningful while enriching contributors coffers. The other major party talks of “investments” and enriches contributors coffers and insulates public employees security.

Tell me where I’m wrong pretty please


He's still mad that we reject his President, the Idjut in Chief, and his lying regime. He thinks we should be impressed by their malarkey statistics.
Brewha Offline
#139 Posted: Wed, Mar 8 2023, 9:23 PM EST
Joined: 01-25-2010
Posts: 12,182
ZRX1200 wrote:
Congress bears as much responsibility in this as every sitting president that signs the budget.

We have a horrific track record the last twenty years with debt. And we’ve had control by both parties in both legislative and executive branches. One party talks about it and does nothing meaningful while enriching contributors coffers. The other major party talks of “investments” and enriches contributors coffers and insulates public employees security.

Tell me where I’m wrong pretty please

Ok, you’re wrong.

The economy is complex with too many interacting factors to hang it on “the govmut” much less a president.

The collective govmut “should” be good stewards of the economy. And there I Will agree with you that they are not.

Ok, so maybe your right…kinda…
rfenst Offline
#140 Posted: Thu, Mar 9 2023, 10:29 AM EST
Joined: 06-23-2007
Posts: 39,330
US job openings take a dip in Jan.


WASHINGTON — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve.

Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday. Employers also hired more workers in January. But layoffs rose.

For 20 consecutive months, employers have posted at least 10 million openings — a level never reached before 2021 in Labor Department data going back to 2000. The number of openings in January exceeded what economists had forecast and translates to about two vacancies for every unemployed American.
Brewha Offline
#141 Posted: Thu, Mar 9 2023, 11:00 AM EST
Joined: 01-25-2010
Posts: 12,182
Not to put too fine a point on it, but this tread - titled to hang the US economy problems on Biden is bull shit.

No one is assailing a particular action by the administration - that would be fair. But posting the typical cyclic layoffs of tech companies as evidence we need a different president is the kind of crap that only sell to people that have a them or us mentality towards politics.
DrMaddVibe Offline
#142 Posted: Thu, Mar 9 2023, 11:55 AM EST
Joined: 10-21-2000
Posts: 55,440
Brewha wrote:
Not to put too fine a point on it, but this tread - titled to hang the US economy problems on Biden is bull shit.

No one is assailing a particular action by the administration - that would be fair. But posting the typical cyclic layoffs of tech companies as evidence we need a different president is the kind of crap that only sell to people that have a them or us mentality towards politics.



So you're butthurt it's your voting issue and the headlines make you cry? Oh how Lefty railed on anyone with a R next to their name.

Thanks for making my day.

Meanwhile....Brandon is doing his best Kenyan King impression!

https://www.zerohedge.com/personal-finance/wtf-chart-day-jobless-claims-finally-rise-layoffs-soar-fastest-pace-lehman

Oh those pesky graphs...the graphs...
Abrignac Offline
#143 Posted: Thu, Mar 9 2023, 12:13 PM EST
Joined: 02-24-2012
Posts: 17,278
rfenst wrote:
US job openings take a dip in Jan.


WASHINGTON — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve.

Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday. Employers also hired more workers in January. But layoffs rose.

For 20 consecutive months, employers have posted at least 10 million openings — a level never reached before 2021 in Labor Department data going back to 2000. The number of openings in January exceeded what economists had forecast and translates to about two vacancies for every unemployed American.



Ahh the tempest in the teapot. With 2 vacancies per unemployed person, why in the fucq is unemployment being paid for people to sit on their arse?
RayR Offline
#144 Posted: Thu, Mar 9 2023, 12:14 PM EST
Joined: 07-20-2020
Posts: 8,892
Haven't we been assailing particular actions by the administration since the beginning?
Brewha never saw them I guess. Brick wall
HockeyDad Offline
#145 Posted: Thu, Mar 9 2023, 12:19 PM EST
Joined: 09-20-2000
Posts: 46,134
New York
CNN
—
General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was looking for workers to leave voluntarily.

In a regulatory filing, the automaker said it was looking to save costs through attrition and a voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company. The buyouts would cost the company $1.5 billion before taxes this year.

The voluntary separation program will be offered to all US salaried employees with at least five years of service and global executives that have been with the company for at least two years, a GM spokesperson told CNN. In a statement, the company said that employees are “strongly encouraged to consider” the program.

“By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market,” a GM spokesperson said in a statement.

The news follows the elimination of hundreds of salaried worker jobs earlier this month. A person familiar with the plans told CNN that those job cuts would affect a few hundred white-collar employees globally.
Brewha Offline
#146 Posted: Thu, Mar 9 2023, 5:00 PM EST
Joined: 01-25-2010
Posts: 12,182
DrMaddVibe wrote:
So you're butthurt it's your voting issue and the headlines make you cry? Oh how Lefty railed on anyone with a R next to their name.

Thanks for making my day.

Meanwhile....Brandon is doing his best Kenyan King impression!

https://www.zerohedge.com/personal-finance/wtf-chart-day-jobless-claims-finally-rise-layoffs-soar-fastest-pace-lehman

Oh those pesky graphs...the graphs...

Actually, I think butthurt is your specialty.

Which is why you always have an emotional based opinion response.
Normally someone elses response.
Brewha Offline
#147 Posted: Thu, Mar 9 2023, 5:02 PM EST
Joined: 01-25-2010
Posts: 12,182
HockeyDad wrote:
New York
CNN
—
General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was looking for workers to leave voluntarily.

In a regulatory filing, the automaker said it was looking to save costs through attrition and a voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company. The buyouts would cost the company $1.5 billion before taxes this year.

The voluntary separation program will be offered to all US salaried employees with at least five years of service and global executives that have been with the company for at least two years, a GM spokesperson told CNN. In a statement, the company said that employees are “strongly encouraged to consider” the program.

“By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market,” a GM spokesperson said in a statement.

The news follows the elimination of hundreds of salaried worker jobs earlier this month. A person familiar with the plans told CNN that those job cuts would affect a few hundred white-collar employees globally.


That's cause of Tesla - not Biden...
DrMaddVibe Offline
#148 Posted: Thu, Mar 9 2023, 5:10 PM EST
Joined: 10-21-2000
Posts: 55,440
Brewha wrote:
Actually, I think butthurt is your specialty.

Which is why you always have an emotional based opinion response.
Normally someone elses response.



You really are dumber than a bag of hammers.


Emotional?

You don't rate that. If you think for one second I'd piss on you if you were on fire...not even if you had a full gas can under each arm.
Brewha Offline
#149 Posted: Thu, Mar 9 2023, 5:22 PM EST
Joined: 01-25-2010
Posts: 12,182
DrMaddVibe wrote:
You really are dumber than a bag of hammers.


Emotional?

You don't rate that. If you think for one second I'd piss on you if you were on fire...not even if you had a full gas can under each arm.

So….you’re trying to steer it back to a dispassionate debate then?

Think
drglnc Offline
#150 Posted: Thu, Mar 9 2023, 5:38 PM EST
Joined: 04-01-2019
Posts: 715
HockeyDad wrote:
New York
CNN
—
General Motors said in January it would save $2 billion without planning any layoffs. But on Thursday it said it was looking for workers to leave voluntarily.

In a regulatory filing, the automaker said it was looking to save costs through attrition and a voluntary separation program in which eligible employees would get a lump sum payment and other severance based on how long they worked at the company. The buyouts would cost the company $1.5 billion before taxes this year.

The voluntary separation program will be offered to all US salaried employees with at least five years of service and global executives that have been with the company for at least two years, a GM spokesperson told CNN. In a statement, the company said that employees are “strongly encouraged to consider” the program.

“By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market,” a GM spokesperson said in a statement.

The news follows the elimination of hundreds of salaried worker jobs earlier this month. A person familiar with the plans told CNN that those job cuts would affect a few hundred white-collar employees globally.


Capitalism, working as intended...

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