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Started By
Message
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 7:55 am to FredBear
quote:
Music to a left wingers ears. The fact that it means hardship for people doesn't concern them in the slightest
You big meanie...we are safer with all these businesses shutdown and all of the unemployment!!
Posted on 5/10/20 at 7:56 am to DaManiacLovesYou
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.
Posted on 5/10/20 at 10:47 am to 76Forest
This is just getting started, the layoffs will be massive in the US. Domino effect, that is why when they say essential vs non essential is another big lie. 1 can't live without the other.
But I wouldn't expect Trump to understand that, he isn't that smart, he is nothing more than a silver spooner that went bankrupt over and over and recouped his life as a reality TV star. You know like the Situation, Pauly D or Snookie!
But I wouldn't expect Trump to understand that, he isn't that smart, he is nothing more than a silver spooner that went bankrupt over and over and recouped his life as a reality TV star. You know like the Situation, Pauly D or Snookie!
Posted on 5/10/20 at 12:17 pm to highbooost
quote:
silver spooner that went bankrupt over and over
When
This post was edited on 5/10/20 at 12:18 pm
Posted on 5/10/20 at 12:34 pm to highbooost
quote:
highbooost
Sick troll bro.
Posted on 5/10/20 at 2:56 pm to skewbs
See trump sues xfl and wins 1$
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