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Started By
Message
re: Recent Layoff Announcements.
Posted on 10/29/25 at 10:09 am to RolltidePA
Posted on 10/29/25 at 10:09 am to RolltidePA
quote:
Novelis
Girlfriend works for them. They are also having massive corporate layoffs right now.
1
Posted on 10/29/25 at 10:12 am to Dot Com
quote:
UPS is cutting 48k which is 10% of its work force.
Is that just a little trimming ?
UPS & Fed Ex are a reflection of economic activity.
Spin it however you want, but this jobs market is in free fall.
Do you have reading comprehension issues or something?
quote:
Most companies over-hired during the covid era and many are looking to cut 10% of staff or more. Not a good environment right now.
Did this not cover exactly what you just said? You're arguing with someone who generally agrees with you. Two of your examples just happened to be shitty and uninformed.
Posted on 10/29/25 at 10:13 am to goldennugget
quote:
They are firing American employees and are blaming it on AI instead of the real.culprit which is hiring foreigners on visas
AI = All Indians
Could be a little bit of that^^^^.
However, there's little doubt every large company is looking to AI, automation and robotics to fatten that bottom line....there's no stopping the advancement and implementation of AI, automation and robotics and that means less people will be required.
Posted on 10/29/25 at 10:13 am to ronricks
There is a bloodbath happening in Seattle with tech.
I guess its a good thing we paid TSMC 6 bullion directly to relocate here, the industry is obviously suffering...
I guess its a good thing we paid TSMC 6 bullion directly to relocate here, the industry is obviously suffering...
This post was edited on 10/29/25 at 10:15 am
Posted on 10/29/25 at 10:14 am to Powerman
quote:
How much of that is due to Amazon rolling out its own delivery networks and relying less on UPS and FedEx?
You say that as if that just happened.
Amazon has had a massive delivery network for years now
You and your damn facts aren't welcome on the PT !
UPS laying off 48k ? It's because of Amazon
Amazon laying off 30k ? Drop in bucket
Ford laying off 11k ? They had a fire
I love this board.
Posted on 10/29/25 at 10:15 am to Dot Com
The job marketing is obviously very soft and softening further.
This was always bound to happen when we ran out of Covid funds running through the system. And here we are.
This was always bound to happen when we ran out of Covid funds running through the system. And here we are.
Posted on 10/29/25 at 10:19 am to Tarps99
quote:
How much of that is due to Amazon rolling out its own delivery networks and relying less on UPS and FedEx?
None.
Both FedEx and UPS saw their fortunes fall as the pandemic came to an end. FedEx has laid off a massive amount of people and is on the tail end of their restructuring. A lot of bloat in management was let go while they transitioned to a contractor delivery model which resulted in loss of jobs of company employed well paid drivers.
UPS likewise had a restructuring plan like Fedex (all developed when Biden was President, if that matters) that involved a lot of layoffs of management- most of that is complete.
Posted on 10/29/25 at 10:19 am to Dot Com
quote:
Spin it however you want,
Irony.
You're given extra information (and some agreement) but you dodge from it to tout just the numbers while claiming others are spinning.
quote:
UPS is cutting 48k which is 10% of its work force.
UPS cut far more last year (~36k) than this year (-10k) as they continue to move back towards their pre-COVID levels.
quote:
UPS & Fed Ex are a reflection of economic activity.
Fed Ex has actually hired 10K more positions this year than last year (after two years of large cuts as post-COVID buying habits moved back a little to shopping in person, but still doing more online shopping than pre-COVID).
Don't get me wrong, the job market is a bit shaky and Unemployment has been slowly creeping up since ~2022, but your "Chicken Little'ing" is little more than bias and spin.
Patiently waiting for you to "yeah, but..." the UPS and FedEx information as you dodge to some other business(es) to continue your spin.
This post was edited on 10/29/25 at 10:45 am
Posted on 10/29/25 at 10:23 am to Dot Com
The professional services industry (McKinsey, EY, etc.) is hemorrhaging jobs. AI and streamlining is blamed. I’ve got friends in the industry. Profits are down. Cuts are necessary. Those not laid off will carry a mighty burden from a work load perspective, on public and private sector clients.
The economy is in really bad shape. Is this due to Trump? No. Biden? Not really.
This is 50 years in the making.
If the market corrects, we could see things not seen in 100 years IMO.
The economy is in really bad shape. Is this due to Trump? No. Biden? Not really.
This is 50 years in the making.
If the market corrects, we could see things not seen in 100 years IMO.
Posted on 10/29/25 at 10:26 am to Dot Com
Truth. People cannot separate support for Trump from reality. It’s intellectually dishonest and as relativistic as the Biden Bros.
It’d be nice if people just called balls and strikes with relevant information.
It’d be nice if people just called balls and strikes with relevant information.
Posted on 10/29/25 at 10:26 am to DeltaDoc
quote:
This is 50 years in the making.
this is true but we exacerbated the issue after 2010.
"Free money" sped up our demise, did not fix it.
Posted on 10/29/25 at 10:30 am to Dot Com
Some of those job cuts are directly related to AI now doing the job. You want to be able to be competitive in the AI market and this is a by product of that advancement.
Posted on 10/29/25 at 10:31 am to RogerTheShrubber
I agree. At some point, there has to be a correction. I’m not smart enough to know when, why or how, but it’s gonna happen.
Posted on 10/29/25 at 10:42 am to DeltaDoc
quote:
I’m not smart enough to know when, why or how, but it’s gonna happen.
Same here. I assume a disaster of some type but outside of that no clue.
Posted on 10/29/25 at 12:12 pm to Dot Com
Something is amiss. Amazon just increased its CEO’s salary from 29.1 million to a little over 40 million. Average salary of an employee is a little over 37,000 a year. Tell me it’s the economy.
Posted on 10/29/25 at 4:52 pm to Dot Com
quote:
Is this the booming job market/economy they keep telling us about ?
Yeah you're a n00b, buy inform the forum with pertinent news (even when real info to process) and the OP is promptly treated like a pariah.
The layoff numbers are startling. Separate and staggered at random times is one thing; The labor market is collapsing suddenly and at once as though there were a coordinated (suspicious) corporate effort afoot.
IS this really the result of AI? Or orchestrated to help facilitate societal chaos and the "reset"?
Posted on 10/29/25 at 4:59 pm to yakster
Some real data versus cries and whining:
Native born american employment has increased nearly 2 million people so far in 2025. This fact is masked by the fact over a million of foreign born, mostly illegal have lost jobs.
Last quarter GDP up 3.8%
Capital investment will be the largest in history in the next couple of years.
Inflation is well below past years.
Bunch of sky screamers.....
Native born american employment has increased nearly 2 million people so far in 2025. This fact is masked by the fact over a million of foreign born, mostly illegal have lost jobs.
Last quarter GDP up 3.8%
Capital investment will be the largest in history in the next couple of years.
Inflation is well below past years.
Bunch of sky screamers.....
Posted on 10/29/25 at 5:01 pm to Dot Com
This is worthy of discussion. Can we see some comparable layoff numbers from 2024, 2023?
I'm certain there were a number of companies laying off then too.
I'm certain there were a number of companies laying off then too.
Posted on 10/29/25 at 5:02 pm to Dot Com
Posted on 10/29/25 at 5:04 pm to Dot Com
So i am guessing all 15 reporting losses too? Nope, they are printing money.
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