- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Grim outlook from PWC research: Expect layoffs at 51% of US companies
Posted on 8/31/22 at 12:49 pm
Posted on 8/31/22 at 12:49 pm
quote:
Expect Layoffs At 51% Of U.S. Companies, According To New Survey
Forbes
According to consultancy PwC, a survey of 700 executives and board members from various industries conducted last month shows:
Layoffs
Definite Layoffs: 51% have started layoffs or are planning to start layoffs
Potential Layoffs: An additional 19% are considering a plan to reduce headcount
Hiring Freeze
Definite Hiring Freeze: 52% have started hiring freezes or plan to start a hiring freeze
Potential Hiring Freeze: An additional 18% are considering hiring freezes
quote:
That said, the survey also shows that 70% of companies have expanded or are expanding remote work permanently, 64% are increasing or plan to increase compensation, and 62% have increased or are increasing mental health benefits.
Tech has been hit hard.
Major layoffs announced since May 2022:
quote:
Microsoft MSFT +0.3%: 2,000 people
Apple AAPL -0.1%: 100 people
Shopify: 1,000 people
Robinhood: 700 people
Netflix NFLX +2.4%: 300 people
Tesla TSLA -0.6%: 229 people
Peloton: 780 people
Groupon: 500 people
Carvana: 2,500 people
Posted on 8/31/22 at 12:50 pm to dewster
Let's watch it burn.
Most of these companies have departments that are complete jokes anyway.
Yes, I'm aware it trickles down. Yes, it may affect my family. No, I don't care, we will survive, we always do.
Most of these companies have departments that are complete jokes anyway.
Yes, I'm aware it trickles down. Yes, it may affect my family. No, I don't care, we will survive, we always do.
Posted on 8/31/22 at 12:51 pm to dewster
I guess the Biden Boom was short-lived
Posted on 8/31/22 at 12:51 pm to dewster
A lot of those companies were likely bloated in the first place.
Posted on 8/31/22 at 12:52 pm to dewster
they layoffs are only transitory. no biggie. this is totally not signs of a "recession"
Posted on 8/31/22 at 12:54 pm to dewster
Just making sure the new generation starts out fricked like the millennials before them.
Posted on 8/31/22 at 12:54 pm to dewster
quote:
62% have increased or are increasing mental health benefits
This is an interesting one for me. Major insurance companies like Humana, Anthem, and United Healthcare have been pushing to hire in shitty therapists for their exclusive telehealth platforms (i.e. LiveHealth Online, Doctor on Demand) and reducing compensation for in-person therapists that are not on their telehealth platforms. For instance, I always see clients for an hour per session. But with some of their telehealth platforms it's an hour for initial session then 30 minutes for any after. With no guarantee of seeing your therapist regularly (like bimonthly or weekly if needed).
So I'm curious what they're actually increasing.
Posted on 8/31/22 at 12:57 pm to dewster
quote:
Grim outlook from PWC research: Expect layoffs at 51% of US companies
Bidens* America
Posted on 8/31/22 at 12:57 pm to dewster
Huge allies in Europe have even more ridiculous green energy policies than we do, so we'll be shipping oil and natural gas to them this winter.
So I hope that means that Texas, Oklahoma, and south Louisiana might weather this recession better than others.
So I hope that means that Texas, Oklahoma, and south Louisiana might weather this recession better than others.
Posted on 8/31/22 at 12:59 pm to dewster
Labor participation rate is collapsing again - it's lower than it was pre-pandemic.
So that might artificially shield us from shockingly bad unemployment numbers, at least for a while.
So that might artificially shield us from shockingly bad unemployment numbers, at least for a while.
Posted on 8/31/22 at 1:10 pm to dewster
Lets see if they cut their diversity departments
Posted on 8/31/22 at 1:33 pm to dewster
We did it Joe!
Posted on 8/31/22 at 1:33 pm to dewster
quote:
Expect Layoffs At 51% Of U.S. Companies, According To New Survey
#BuildBackBetter
So glad for the adults in the White House
Popular
Back to top
Follow TigerDroppings for LSU Football News