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Started By
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As expected, layoffs are now hitting other industries that were financially
Posted on 5/10/20 at 7:30 am
Posted on 5/10/20 at 7:30 am
impacted by the shutdown. Typical when this stuff happens so nothing surprising.
First goes restaurants, travel, and similar industries. Now it's hitting casinos, Uber, Lyft, theaters, universities, newspapers, Mercy, silicon valley, and keep working its way through the economy.
We will probably peak around 20% - 25% unemployment and start to go down from there as states conitnue to open up and forloughed folks get hired back (most will not be asked to return though).
First goes restaurants, travel, and similar industries. Now it's hitting casinos, Uber, Lyft, theaters, universities, newspapers, Mercy, silicon valley, and keep working its way through the economy.
We will probably peak around 20% - 25% unemployment and start to go down from there as states conitnue to open up and forloughed folks get hired back (most will not be asked to return though).
6
Posted on 5/10/20 at 7:33 am to uppermidwestbama
medicine still conitnues to get hit hard...for example, Michigan Medicine to layoff 1,400 people. Beaumonth Health laying off 2,500 people.
IMO, a bet of a surprise is steel hasn't been hit hard. Typical layoffs are like 50 per company range. US Steel the largest one I can find at just over 1k.
IMO, a bet of a surprise is steel hasn't been hit hard. Typical layoffs are like 50 per company range. US Steel the largest one I can find at just over 1k.
This post was edited on 5/10/20 at 7:35 am
Posted on 5/10/20 at 7:36 am to uppermidwestbama
Music to a left wingers ears. The fact that it means hardship for people doesn't concern them in the slightest
Posted on 5/10/20 at 7:40 am to uppermidwestbama
quote:
newspapers
Excellent
Posted on 5/10/20 at 7:50 am to uppermidwestbama
your link isn't working
Posted on 5/10/20 at 7:52 am to uppermidwestbama
Can you please post a link? I believe you I would like to just take a look at the story
Posted on 5/10/20 at 9:00 am to uppermidwestbama
Expect a significant round of layoffs when the 8 weeks required for PPP money to become a grant instead of a loan is up, rolling as various companies pass their dates in June. Lots of small businesses took that money as an option to get a look 8 weeks down the road. When the time is up and they have no customers, they’ll fold. This will be a second wave, I think.
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