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Amazon lays off 10K at the beginning Christmas season! Think about that for a minute
Posted on 11/14/22 at 9:07 pm
Posted on 11/14/22 at 9:07 pm
That's how bad it's about to get!
And the Mitch helped out with a massive Infrastructure bill that had little to do with infrastructure.
And the Mitch helped out with a massive Infrastructure bill that had little to do with infrastructure.
12
Posted on 11/14/22 at 9:10 pm to Jjdoc
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
This post was edited on 11/14/22 at 9:10 pm
Posted on 11/14/22 at 9:11 pm to NM Tiger 67
quote:
I just bought a 420,000 home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
Housing prices will come down at least another 15%
Posted on 11/14/22 at 9:13 pm to TigerAttorney
Yeah the wife’s company was trying to cut 10 million from,their budget for 2023. Don’t know how they will do it without firing some employees.
Posted on 11/14/22 at 9:58 pm to Jjdoc
0.007% of worldwide Amazon Employees. At least based on the 1.298 million they employed in 2021.
These are tech jobs. I’m not sure how this will impact the rest of the economy but they’re in their Alexa and retail units…and then of course HR which is likely mainly their recruiters. Which stands to reason they’d be a part of RIF’s.
There’s plenty to complain about with this political climate and economic impacts that are spawned from the period of total Democratic control of both. But these tech sector RIF’s are only a big deal to the stock market and the coastal elite states. In much the same way that the average Louisianian wasn’t all that impacted by the subprime meltdown and the recession in ‘08, my guess is that we won’t feel too much of the recession here.
Mainly because of three factors:
1.) With 14 months until Iowa, Energy policy will moderate considerably.
2.) IIJA & IRA like it or not had input from Louisiana’s DC delegation. Which placed a lot of pork in the right places for us.
3.) Six named storms and Presidentially-declared disasters in 24 months has-literally-billions in funding floating around the Engineering and Construction industries along with the factors mentioned in #2.
As the economy cools and contracts, their available labor markets-and corresponding job openings-will ease up. Releasing pressure and making things hum locally during a recovery phase.
These are tech jobs. I’m not sure how this will impact the rest of the economy but they’re in their Alexa and retail units…and then of course HR which is likely mainly their recruiters. Which stands to reason they’d be a part of RIF’s.
There’s plenty to complain about with this political climate and economic impacts that are spawned from the period of total Democratic control of both. But these tech sector RIF’s are only a big deal to the stock market and the coastal elite states. In much the same way that the average Louisianian wasn’t all that impacted by the subprime meltdown and the recession in ‘08, my guess is that we won’t feel too much of the recession here.
Mainly because of three factors:
1.) With 14 months until Iowa, Energy policy will moderate considerably.
2.) IIJA & IRA like it or not had input from Louisiana’s DC delegation. Which placed a lot of pork in the right places for us.
3.) Six named storms and Presidentially-declared disasters in 24 months has-literally-billions in funding floating around the Engineering and Construction industries along with the factors mentioned in #2.
As the economy cools and contracts, their available labor markets-and corresponding job openings-will ease up. Releasing pressure and making things hum locally during a recovery phase.
This post was edited on 11/14/22 at 10:00 pm
Posted on 11/14/22 at 10:08 pm to GFunk
quote:
1.) With 14 months until Iowa, Energy policy will moderate considerably.
I wouldn’t bet on that. They’re all spiking the football and thinking they got a semi-mandate by keeping the senate. I hope you’re right but I think you’re dead wrong.
Posted on 11/14/22 at 10:17 pm to NM Tiger 67
quote:Must not be anywhere near my MLS. I haven’t seen anything remotely like that.
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
It’s slowed down for me some, only closing 2 this month. It tends to slow down October-February anyway, so it’s difficult to determine how much the slowdown isn’t the seasonal drop we see.
Lenders told me they saw the 225-350 range dry up pretty dramatically though on applications.
Posted on 11/14/22 at 10:27 pm to NM Tiger 67
quote:
I just bought a 420,000 new build home that was listed for $530,000 6 months ago. And I'm still not 100% sure I got a good deal. It's about to get ugly
I lend to a lot of residential builders. Closings are down 50% for some of them.
Tough to say how a value correction ends, but it’s going to happen. Supply and demand have been so out of whack for two years. Both the S & D curve may end up shifting and coming back to equilibrium.
When you have six months of inventory on the market, that’s when forecasters consider the market at EQ.
Posted on 11/14/22 at 10:44 pm to Jjdoc
Christmas miracle as far as I'm concerned.
Facebook is doing the same.
Facebook is doing the same.
Posted on 11/14/22 at 10:45 pm to Jjdoc
Elections have ____. 
Posted on 11/14/22 at 11:25 pm to Jjdoc
I work in construction and I have enough work for 5 years. Still not a fan of Biden though
Posted on 11/14/22 at 11:29 pm to Jjdoc
quote:
Amazon lays off 10K at the beginning Christmas season! Think about that for a minute
I’m sure waiting until after midterms is a coincidence.
Posted on 11/15/22 at 1:29 am to GFunk
quote:
0.007% of worldwide Amazon Employees.
Stopped reading here because you're clearly a dumbass.
This post was edited on 11/15/22 at 1:30 am
Posted on 11/15/22 at 5:42 am to Jjdoc
At least we’re not in a recession.
Posted on 11/15/22 at 6:40 am to Jjdoc
And Fedex is parking planes and trucks...
Posted on 11/15/22 at 6:42 am to Barstools
quote:
0.007% of worldwide Amazon Employees.
Amazon employs over 1.4 million people globally?
I’m not buying that bullshite for 1 second.
Posted on 11/15/22 at 6:45 am to jimmy the leg
quote:
Amazon employs over 1.4 million people globally?
I’m not buying that bullshite for 1 second
Huh?
Why not? That seems perfectly in line to me. They have over 900,000 employees in the us alone.
Posted on 11/15/22 at 6:47 am to jimmy the leg
quote:
Amazon employs over 1.4 million people globally?
I’m not buying that bullshite for 1 second.
I believe it. They have warehouses everywhere (building one 4 miles from my house) and the number of people needed to deliver the packages they deliver must be astounding.
Posted on 11/15/22 at 6:48 am to jimmy the leg
quote:
Amazon employs over 1.4 million people globally?
It’s more like 330,000.
Posted on 11/15/22 at 6:50 am to Jax-Tiger
quote:
believe it. They have warehouses everywhere (building one 4 miles from my house) and the number of people needed to deliver the packages they deliver must be astounding.
It’s more like 330,000. The layoffs are closer to 3% of their workforce. Corporate workforce. Not talking like drivers.
This post was edited on 11/15/22 at 6:51 am
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