(Natural News) The economy created by former President Donald Trump and, with some minor assistance, a GOP-controlled Congress (when the establishment RINOs weren’t fighting him as hard as Democrats) was top-notch, growing, and dealing for the overwhelming majority of Americans.
Then, along got here February 2020, a presidential election 12 months, and a Chinese-created virus that created a worldwide pandemic that led Trump to comply with a ‘shutdown policy’ that essentially killed the economy he built. He tried to encourage states to quickly reopen with a view to put the multitudes of Americans who had been furloughed as a consequence of business and factory closures back to work, but he was resisted by a few of the most populous states because they’re run by Democrats and so they sought to sabotage his reelection possibilities.
After the Democrat-aligned deep state managed to foist Joe Biden on the country, many expected that Democrats would reimpose a lot of Trump’s policies because a) they knew how successful he was; and b) they were now in charge and politically speaking, it might look higher for them in the event that they improved the economy.
But they didn’t. As a substitute, the congressional Democratic majority went on a spending binge, flooding an economy affected by massive pandemic-induced shortages with trillions of dollars, creating the right storm for inflation. And now, after greater than a 12 months of record-high prices, the Federal Reserve had no selection but to step in and begin dramatically boosting rates of interest, which, in turn, has negatively impacted several sectors of the economy, which has led to mass layoffs in a few of the country’s leading corporations, with more on the best way — at the same time as the Biden regime lies and says that employment is at a high point.
In response to the Economic Collapse Blog:
We were told that the U.S. economy one way or the other added 256,000 jobs in November despite the fact that Challenger, Gray & Christmas determined that the variety of layoffs in November 2022 was actually 417 percent higher than it was in the course of the same month a 12 months earlier. And despite the fact that the tsunami of layoffs continued in December, the Bureau of Labor Statistics is telling us that the U.S. economy one way or the other added 223,000 jobs last month. It is sort of as if there’s a certain number that the BLS refuses to go below.
For every of the last five months, the variety of jobs that the U.S. has “added” has miraculously are available in between 200,000 and 300,000 every time. But meanwhile, large corporations throughout America have been shedding staff at a staggering rate. Unfortunately, the pace of layoffs appears to be picking up speed in the course of the early days of 2023.
In response to the report, listed below are a few of the corporations which have experienced essentially the most layoffs to date:
— Salesforce: The corporate has let go roughly 10 percent of its entire workforce. As well as, in response to reports, the corporate will shed a few of its real estate and cut down on current office space, in response to a filing with the Securities and Exchange Commission, with a view to reduce operating costs.
— Vimeo: The video platform recently launched one other round of layoffs that can eventually see the corporate shed around 11 percent of its current staff.
— StitchFix: This order-by-mail clothing company is preparing to layoff around 20 percent of its current workforce as sales proceed to plummet and more Americans return to searching for clothes in person. The corporate’s CEO can be stepping down.
— Silvergate Capital: The financial firm will let around 40 percent of its entire workforce go over the approaching weeks and months, reports noted.
— Biocept: “Liquid biopsy firm Biocept said Friday that it’s exploring strategic alternatives to reinforce shareholder value, and has engaged EF Hutton, a division of Benchmark Investments, as its financial adviser,” noted a report, adding that around 35 percent of staff can be dismissed.
Amazon can be reducing its workforce by around 18,000, rather more than originally announced.
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