Layoffs

US Jobless Claims Rise by Most in 5 Months

As of the week ending February 25, about 1.72 million people were receiving jobless aid, an increase of 69,000 from the previous week.

The Federal Reserve’s Magic Trick: Big Tech

Now you see it … maybe soon you won’t.

Disney+ Loses 2.4 Million Subscribers

Woke Disney+ lost 2.4 million subscribers during the last quarter of 2022.

Fake Meat Industry Implodes After Years of Hype

The meat substitute market is collapsing after its meteoric rise, with key players in the industry facing massive layoffs and plummeting sales.

The Fake Meat Industry Is Failing, But That Might Lead to Governments Propping It Up

Impossible Foods, manufacturer of plant-based meat alternatives, is laying off 20 percent of its workforce.

Former Walmart CEO Says Consumers Could Be In a ‘World of Hurt’ if Biden Doesn’t Take Action on Inflation Issue

Former Walmart CEO Bill Simon warned Americans this weekend of the detrimental impact that corporate layoffs could have on the U.S.'s feeble economy.

Biden Continues to See Low Approval Ratings Despite Midterm Results

President Joe Biden witnessed some of the lowest approval ratings of his administration despite moderating price levels and the Democratic Party avoiding severe midterm losses, according to a new poll from Reuters.

Leftist Media Outlet Vox Announces Mass Layoffs

Leftist media outlet Vox announced layoffs that will impact 7% of employees as other companies in the sector implement similar measures.

U.S. Treasury Buys Time for Biden and GOP on Debt Limit Deal

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

Microsoft Announces Mass Layoffs

Microsoft announced on Wednesday it will eliminate 10,000 jobs worldwide, almost 5% of its workforce, and take a $1.2-billion charge as global growth is slowing down.

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