America's #1 Online Cigar Auction
first, best, biggest!

Last post 3 weeks ago by RayR. 283 replies replies.
6 Pages<123456>
The Biden Recession
Jump to Bottom | Previous Topic | Next Topic
Brewha Offline
#51 Posted: Fri, Jan 6 2023, 3:56 PM EST
Joined: 01-25-2010
Posts: 12,170
burning_sticks wrote:
You can lead a democrat to a mirror, but you can't make him see reason.

...and Republicans do things for reasons that reason does not understand.
ZRX1200 Offline
#52 Posted: Fri, Jan 6 2023, 5:16 PM EST
Joined: 07-08-2007
Posts: 60,589
Truth, Justice and The American Way.

Or Profit, Power and never ending influence……
teddyballgame Offline
#53 Posted: Mon, Jan 9 2023, 8:35 PM EST
Joined: 09-16-2015
Posts: 592
Here are some Democrat and Biden taxes coming your way this year.

(I thought he wasn't going to tax anyone making under $400K?)

All this is courtesy of the "Inflation Reduction Act" - what a joke

$6.5 Billion natural gas tax- increasing household energy bills.
$1.2 Bilion coal tax - doubling the excise tax on coal production, again energy bill hike
$12 Biliion crude oil tax- in case you drive n stuff- Democrats pegged this to inflation, so as inflation rises, so does this tax.
$74 Billion Stock tax on companies buying back shares that help increase investment value in retirement plans.
$225 Billion corporate income tax hike- this won't get passed on to consumers, will it?- higher prices, freeze on hiring, stagnant wages.

thank you Biden and the Democrats. I am sure McConnel is still looking forward to meeting your marxist asses on the 40 yrd line. (what an azzhat)
RayR Offline
#54 Posted: Mon, Jan 9 2023, 9:02 PM EST
Joined: 07-20-2020
Posts: 8,884
When DIRECT TAXES are unpopular with the peasants, then do INDIRECT TAXES, the idjuts will never see it coming. until it's too late. Sneaky

That's in the Progressivism Playbook.

HockeyDad Offline
#55 Posted: Wed, Jan 18 2023, 11:01 AM EST
Joined: 09-20-2000
Posts: 46,128
Microsoft: Announced 10,000 layoffs.
DrMaddVibe Offline
#56 Posted: Wed, Jan 18 2023, 11:03 AM EST
Joined: 10-21-2000
Posts: 55,411
HockeyDad wrote:
Microsoft: Announced 10,000 layoffs.


Bill Gates must be buying more property.
Brewha Offline
#57 Posted: Wed, Jan 18 2023, 12:42 PM EST
Joined: 01-25-2010
Posts: 12,170
I thought this thread was going to be about Bidens hair line….
DrMaddVibe Offline
#58 Posted: Wed, Jan 18 2023, 12:59 PM EST
Joined: 10-21-2000
Posts: 55,411
Brewha wrote:
I thought this thread was going to be about Bidens hair line….


Testosterone levels ..220...221 whatever it takes.
HockeyDad Offline
#59 Posted: Wed, Jan 18 2023, 1:13 PM EST
Joined: 09-20-2000
Posts: 46,128
Biden’s prolly got a hook-up for powdered rhinoceros horn or something.
DrMaddVibe Offline
#60 Posted: Wed, Jan 18 2023, 1:27 PM EST
Joined: 10-21-2000
Posts: 55,411
HockeyDad wrote:
Biden’s prolly got a hook-up for powdered rhinoceros horn or something.


Hunter...duh!
tonygraz Offline
#61 Posted: Thu, Jan 19 2023, 1:03 PM EST
Joined: 08-11-2008
Posts: 20,243
The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.
HockeyDad Offline
#62 Posted: Thu, Jan 19 2023, 1:44 PM EST
Joined: 09-20-2000
Posts: 46,128
tonygraz wrote:
The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.


The recession started in 2022.

….And why do the republicans need to raise the debt ceiling?
Stogie1020 Offline
#63 Posted: Thu, Jan 19 2023, 3:42 PM EST
Joined: 12-19-2019
Posts: 5,320
"Triggered" and "Caused" are two different things, Tony. Two VERY different things...

Also, have you noticed the mass layoff happening already in tech? The inflation and unemployemnt numbers? Has nothing to do with the debt ceiling, my friend...
HockeyDad Offline
#64 Posted: Thu, Jan 19 2023, 3:48 PM EST
Joined: 09-20-2000
Posts: 46,128
Stogie1020 wrote:

Also, have you noticed the mass layoff happening already in tech? The inflation and unemployemnt numbers? Has nothing to do with the debt ceiling, my friend...


I’m in Silicon Valley tech and it has been a bloodbath since Q2 of 2022. Pretty much no company spared regardless of size. Even highly profitable companies are slashing staff in preparation for 2023 revenue drop offs. Only the big companies make the news. Venture capital totally dried up because of interest rates as is tradition. Tech is always the canary in the coal mine.

That’s why I posted this last July when GDP dropped for two consecutive quarters. The layoffs had already started.
Brewha Offline
#65 Posted: Thu, Jan 19 2023, 5:07 PM EST
Joined: 01-25-2010
Posts: 12,170
I’m just shocked at how much money of Elon Musk’s that Biden lost…..
HockeyDad Offline
#66 Posted: Thu, Jan 19 2023, 5:20 PM EST
Joined: 09-20-2000
Posts: 46,128
Brewha got the shocker.
BuckyB93 Offline
#67 Posted: Thu, Jan 19 2023, 5:44 PM EST
Joined: 07-16-2004
Posts: 14,184
tonygraz wrote:
The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.


Wait, what? Refusing to raise the debt limit? Allowing the debt limit to climb is your answer to things?

You're a smart guy, how is attempting to put a stop on the government spending (bleeding) money that they don't have a bad thing? I'm pretty sure you have a household budget that tries to balance the income and the expenses. Hopefully you can make more income to cover your expenses or at least tread water.

In case you don't realize it, the government does not produce anything. Let me repeat that... The government does not produce ANYTHING! Their source of income is to take money from you and me and anyone else that has an income and pass it around while siphoning off a billion here and there to line their pockets along to their cronies' pockets.
Brewha Offline
#68 Posted: Thu, Jan 19 2023, 9:03 PM EST
Joined: 01-25-2010
Posts: 12,170
Drafter told me that Joe Biden was killing bald Eagles.

With wind mills…
HockeyDad Offline
#69 Posted: Fri, Jan 20 2023, 8:52 AM EST
Joined: 09-20-2000
Posts: 46,128
Google parent company Alphabet Inc. said it will eliminate 12,000 jobs, making it the latest tech company to lay off employees.
teddyballgame Offline
#70 Posted: Fri, Jan 20 2023, 10:46 AM EST
Joined: 09-16-2015
Posts: 592
tonygraz wrote:
The recession will be caused by the radical republicans refusing to raise the debt limit. Say what you will, but the republicans will own it and we will all suffer for it.



How does refusing to raise the debt limit cause a recession?
DrMaddVibe Offline
#71 Posted: Sun, Jan 22 2023, 8:18 AM EST
Joined: 10-21-2000
Posts: 55,411
Go Woke, Get Broke: Vox Fires 7% Of Staff; Vice's Valuation Plunges



It's a terrible time for America's liberal media - with companies laying off, implementing hiring freezes, and other cost-cutting measures. Some media companies have even collapsed in valuation. Many are blaming increasing macroeconomic uncertainty that has crushed advertising revenues.

A wave of recent layoffs has hit media companies, including CNN, Buzzfeed, Paramount Global (the parent to CBS, MTV, VH1), The Walt Disney Company, Comcast, Roku, Morning Brew, Gannett (parent company to USA Today), and many more in the past year.

Add Vox Media, which owns brands like The Verge, SB Nation, and New York magazine, to the growing list of media layoffs.

Axios obtained an internal memo from CEO Jim Bankoff to staff about reducing headcount by 7%. About 1,900 people work for the company, which equates to about 133 layoffs.

Bankoff noted that the headcount reduction would impact teams across revenue, editorial, operations, and core services.

"While we are not expecting further layoffs at this time, we will continue to assess our outlook, keep a tight control on expenses and consider implementing other cost savings measures as needed," he said, adding layoffs were a last resort.

The move was to address the coming downturn in the economy.

Besides layoffs and other cost measures, media company valuations have plunged.

For instance, Vice Media is putting itself up for sale (again) at around a billion-dollar valuation, according to CNBC, citing people familiar with the talks.

Today's number is far from the $5.7 billion valuation in 2017.

CNBC previously reported Vice hired financial advisors to seek a sale.

One of Vice's lenders, Fortress Investment Group, is pushing for a sale.

Meanwhile, Buzzfeed's SPAC is only getting worse -- with a current market cap of $129 million -- down from more than a billion dollars a year ago.

America's largest digital media companies are in dire straits. Maybe some of them are in these precarious situations because they embraced liberal ideology and suffered massive viewership losses. We all know CNN is learning that the hard way.

https://www.zerohedge.com/markets/go-woke-go-broke-vox-fires-7-staff-vices-valuation-plunges-0

Remember when the media pushed the learn to code Biden mantra?
DrMaddVibe Offline
#72 Posted: Mon, Jan 23 2023, 11:15 AM EST
Joined: 10-21-2000
Posts: 55,411
"I Take Full Accountability": Spotify Slashes Hundreds Of Jobs As Tech Layoffs Intensify



Add Spotify Technology SA to the growing list of tech companies laying off because they hired too many employees during the virus pandemic. We've read countless letters and memos from tech executives to employees over the last several quarters explaining how they made a colossal mistake by rapidly expanding operations because they thought pandemic demand would continue but were entirely blindsided by the incoming slowdown and forced to reduce headcount and other cost-cutting measures. 

"Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us," Spotify CEO Daniel Ek told employees in a letter. 

As a result of poor business planning, Ek said Spotify is planning to slash 6% of its headcount.

"In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this reason, today, we are reducing our employee base by about 6% across the company. I take full accountability for the moves that got us here today," the exec said. 

The latest filings show the music-streaming giant has approximately 9,800 employees. The cut would be equivalent to about 600 workers. 

Shares rose more than 6% in premarket trading to the $104-handle on the news. The stock lost more than 73% since peaking at $364 in early 2021. 

Ek added that Dawn Ostroff, chief content and advertising business officer, will leave the company as part of a broader reorganization.

He noted:

To start, we are fundamentally changing how we operate at the top. To do this, I will be centralizing the majority of our engineering and product work under Gustav as Chief Product Officer and the business areas under Alex as Chief Business Officer.

Spotify's announcement is yet more hemorrhaging of talent from tech companies as the economic outlook sours. Amazon, Meta, Microsoft Corp, and Google have been some of the largest companies to announce cuts. 

Layoff tracking website Layoffs.fyi shows that 173 tech companies so far this year have reduced headcount by 56,000. Last year, 1,035 tech companies fired 159,000 employees.

https://www.zerohedge.com/markets/i-take-full-accountability-spotify-slashes-6-workforce-tech-layoffs-intensify
burning_sticks Offline
#73 Posted: Mon, Jan 23 2023, 5:06 PM EST
Joined: 08-17-2020
Posts: 152
If they fire about 50% of the federal workforce, raising the debt limit might not be required.
MACS Offline
#74 Posted: Mon, Jan 23 2023, 5:26 PM EST
Joined: 02-26-2004
Posts: 79,770
HockeyDad wrote:
The recession started in 2022.

….And why do the republicans need to raise the debt ceiling?


If dems refused to raise it, they'd be heroes!
HockeyDad Offline
#75 Posted: Mon, Jan 23 2023, 5:42 PM EST
Joined: 09-20-2000
Posts: 46,128
MACS wrote:
If dems refused to raise it, they'd be heroes!


Dems have never met debt they didn’t like!
Brewha Offline
#76 Posted: Mon, Jan 23 2023, 5:43 PM EST
Joined: 01-25-2010
Posts: 12,170
burning_sticks wrote:
If they fire about 50% of the federal workforce, raising the debt limit might not be required.

Can we start with the Freedom Coalition?
HockeyDad Offline
#77 Posted: Mon, Jan 23 2023, 9:45 PM EST
Joined: 09-20-2000
Posts: 46,128
Brewha wrote:
Can we start with the Freedom Coalition?


No, you can’t.
ZRX1200 Offline
#78 Posted: Mon, Jan 23 2023, 10:39 PM EST
Joined: 07-08-2007
Posts: 60,589
You can start with the FBI, DOJ, State Dept and AFT.

Oh and eliminate the Dept of Education and IRS
Abrignac Offline
#79 Posted: Tue, Jan 24 2023, 3:18 AM EST
Joined: 02-24-2012
Posts: 17,270
ZRX1200 wrote:
You can start with the FBI, DOJ, State Dept and AFT.

Oh and eliminate the Dept of Education and IRS


Eliminating the DOJ would also eliminate both the FBI and the AFT, which I assume you meant to say the ATF, as they are part of the DOJ. But, that makes no sense because the Constitution does carve out a spot for Federal Criminal Statutes. So a means to investigate and prosecute said violations is required. Thus the role of the DOJ. As far as the ATF is concerned, they’re akin to a narcotics division within a metropolitan police agency. Whether or not such a division is needed is debatable.

We don’t live in a vacuum on a secluded island so we need to establish and maintain relationships with other nations. To what degree is again debatable. To do requires a mechanism. Hence the State Department.

Not even going to take a stab at the Education Department.

All that being said, we have come a long way from the thirteen colonies. Our form of government needs to keep pace.

When the Constitution was written the primary means of conveyance was a horse drawn buggy. Not much need for stop signs and red lights then. But, obviously times have changed.
DrMaddVibe Offline
#80 Posted: Tue, Jan 24 2023, 7:16 AM EST
Joined: 10-21-2000
Posts: 55,411
Abrignac wrote:
Eliminating the DOJ would also eliminate both the FBI and the AFT, which I assume you meant to say the ATF, as they are part of the DOJ. But, that makes no sense because the Constitution does carve out a spot for Federal Criminal Statutes. So a means to investigate and prosecute said violations is required. Thus the role of the DOJ. As far as the ATF is concerned, they’re akin to a narcotics division within a metropolitan police agency. Whether or not such a division is needed is debatable.

We don’t live in a vacuum on a secluded island so we need to establish and maintain relationships with other nations. To what degree is again debatable. To do requires a mechanism. Hence the State Department.

Not even going to take a stab at the Education Department.

All that being said, we have come a long way from the thirteen colonies. Our form of government needs to keep pace.

When the Constitution was written the primary means of conveyance was a horse drawn buggy. Not much need for stop signs and red lights then. But, obviously times have changed.


https://www.justice.gov/agencies/chart/map

They could fire them all tomorrow and the world would continue to rotate. The only org on that that I could get behind would be US Marshall's. When one counts the insurmountable amount of money pumped into those useless orgs and the level of abuses and flat out ZERO return for the taxpayer dollar, you would have a tsunami of cash to pay down the debt.

Given what we've seen from the FBI they can disappear and would not be missed. The DEA? Their "War on Drugs" has been an EPIC failure and they're not doing a damned thing to tamp down the fentanyl epidemic ravaging America because we have an out and out dolt in the White House. Useless orgs with top heavy bureaucrats providing nothing in return. They cannot even adhere to the oath of office. Look at the last Wall Street debacle...how many people were put behind bars for that swindle that collapsed an economy? They can go too. All those "legal" departments...that showed America how to siphon off taxpayer money and show ZERO proof of their own fabricated "crimes"...they should be placed in prison or tried for Treason. Yeah, Treason. Maybe then and only then will we get back to a single tiered justice system. You can point out the Constitutionality of these divisions but they've all been derelict in their duties and are now the bane of their existence.

As far as modes of transportation...that's a whole other division that's not doing their jobs either. IRS? No, they can go to hell. The prostituted Department of Education? Look no further than the garbage being spewed down the pipe and the unbridled garbage running it. That power should belong to the states. Just like religion, the federal system shouldn't be in the education business.

Our government has kept pace with the times. It hasn't policed itself and weeded out the ineffectiveness. The bloated salaries, the orgs not even doing their stated missions, and the misuse of said offices...Like I said already, they could disappear tomorrow and you wouldn't even know they were gone. Getting rid of the federal power overreach would be a great start to restoring this nation. The path we're on now, isn't sustainable. Our Founding Fathers would sadly disagree with your take. They understood Tyranny and the Constitution and Bill of Rights were their way of keeping government out of your business. Now? The federal government, really believe they're the nanny state that can provide cradle to grave for all of us.

NO.
Abrignac Offline
#81 Posted: Tue, Jan 24 2023, 10:40 AM EST
Joined: 02-24-2012
Posts: 17,270
DrMaddVibe wrote:

https://www.justice.gov/agencies/chart/map

They could fire them all tomorrow and the world would continue to rotate. The only org on that that I could get behind would be US Marshall's. When one counts the insurmountable amount of money pumped into those useless orgs and the level of abuses and flat out ZERO return for the taxpayer dollar, you would have a tsunami of cash to pay down the debt.

Given what we've seen from the FBI they can disappear and would not be missed. The DEA? Their "War on Drugs" has been an EPIC failure and they're not doing a damned thing to tamp down the fentanyl epidemic ravaging America because we have an out and out dolt in the White House. Useless orgs with top heavy bureaucrats providing nothing in return. They cannot even adhere to the oath of office. Look at the last Wall Street debacle...how many people were put behind bars for that swindle that collapsed an economy? They can go too. All those "legal" departments...that showed America how to siphon off taxpayer money and show ZERO proof of their own fabricated "crimes"...they should be placed in prison or tried for Treason. Yeah, Treason. Maybe then and only then will we get back to a single tiered justice system. You can point out the Constitutionality of these divisions but they've all been derelict in their duties and are now the bane of their existence.

As far as modes of transportation...that's a whole other division that's not doing their jobs either. IRS? No, they can go to hell. The prostituted Department of Education? Look no further than the garbage being spewed down the pipe and the unbridled garbage running it. That power should belong to the states. Just like religion, the federal system shouldn't be in the education business.

Our government has kept pace with the times. It hasn't policed itself and weeded out the ineffectiveness. The bloated salaries, the orgs not even doing their stated missions, and the misuse of said offices...Like I said already, they could disappear tomorrow and you wouldn't even know they were gone. Getting rid of the federal power overreach would be a great start to restoring this nation. The path we're on now, isn't sustainable. Our Founding Fathers would sadly disagree with your take. They understood Tyranny and the Constitution and Bill of Rights were their way of keeping government out of your business. Now? The federal government, really believe they're the nanny state that can provide cradle to grave for all of us.

NO.


That’s delusional.
Brewha Offline
#82 Posted: Tue, Jan 24 2023, 12:46 PM EST
Joined: 01-25-2010
Posts: 12,170
Abrignac wrote:
That’s delusional.

When he says that the DNC is a terrorist organization, he means they terrorize his feeble grasp on reality....
Abrignac Offline
#83 Posted: Tue, Jan 24 2023, 1:23 PM EST
Joined: 02-24-2012
Posts: 17,270
Brewha wrote:
When he says that the DNC is a terrorist organization, he means they terrorize his feeble grasp on reality....


I tend not to read those posts that end with that declaration. The first few I did read were utterly ridiculous and involved about 60 degrees of separation.
DrMaddVibe Offline
#84 Posted: Wed, Jan 25 2023, 6:56 AM EST
Joined: 10-21-2000
Posts: 55,411
Abrignac wrote:
That’s delusional.



Really?

"The Department of Justice (DOJ) has informed House Judiciary Committee Chairman Rep. Jim Jordan (R-Ohio) that information about ongoing investigations will not be shared, in a letter on Jan. 20. The DOJ stated that “any oversight request must be weighed against the department’s interests in protecting the integrity of its work.”"

https://www.zerohedge.com/political/doj-signals-rep-jim-jordan-it-wont-hand-over-docs-related-pending-investigations

What's really delusional is believing the DOJ actually works for you.
Abrignac Offline
#85 Posted: Thu, Jan 26 2023, 10:25 AM EST
Joined: 02-24-2012
Posts: 17,270
DrMaddVibe wrote:
Really?

"The Department of Justice (DOJ) has informed House Judiciary Committee Chairman Rep. Jim Jordan (R-Ohio) that information about ongoing investigations will not be shared, in a letter on Jan. 20. The DOJ stated that “any oversight request must be weighed against the department’s interests in protecting the integrity of its work.”"

https://www.zerohedge.com/political/doj-signals-rep-jim-jordan-it-wont-hand-over-docs-related-pending-investigations

What's really delusional is believing the DOJ actually works for you.


You either have absolutely zero idea how the justice process works or simply choose to ignore the obvious.

Let’s go back to you earlier post where you stated the Marshall’s Service is the only Federal LE Department that you would support.

For the most part the Marshal’s Service guards Federal courthouses, transfers Federal prisoners and hunts Federal fugitives. Well, for someone to be a Federal fugitive they have to been charged or convicted with a Federal crime.The Department of Justice, specifically the U.S. Attorney’s Office is the agency charged with that task.

But, before someone can be charged with a crime some type of investigation commences. However, similar to the state process, the prosecutor isn’t the person or agency who begins that investigation. It’s a law enforcement agency. For Federal crimes the law enforcement agency that generally leads those investigations is the FBI. But, it could also be the ATF or even the hated IRS.

So for those reasons I stand by what I said in that your post was and still is: DELUSIONAL.

Wait, I will concede that I like many other sane people are not oblivious to the fact that there is corruption in many areas of government. But, like those same sane people I tend to think that the alternative is probably much worse.

I get it. You hate many aspects of our government and all things related to the Democrats. That’s your right. But, you post nonsense which you unsuccessfully attempt to justify by posting links to websites that are nothing but one-sided. Then you rant incessantly about the injustice being done.

At the end of the day you provide little more than comedic relief to an otherwise uneventful period in the day.
DrMaddVibe Offline
#86 Posted: Thu, Jan 26 2023, 11:35 AM EST
Joined: 10-21-2000
Posts: 55,411
Abrignac wrote:
At the end of the day you provide little more than comedic relief to an otherwise uneventful period in the day.


And you provide nothing.
Abrignac Offline
#87 Posted: Thu, Jan 26 2023, 1:34 PM EST
Joined: 02-24-2012
Posts: 17,270
DrMaddVibe wrote:
And you provide nothing.


Coming from you, I consider that a compliment. I’d hate for anyone to think I provide anything you consider substantive.
HockeyDad Offline
#88 Posted: Tue, Jan 31 2023, 5:22 PM EST
Joined: 09-20-2000
Posts: 46,128
PayPal: 2,000 layoffs.
DrMaddVibe Offline
#89 Posted: Tue, Jan 31 2023, 8:22 PM EST
Joined: 10-21-2000
Posts: 55,411
Impossible Foods planning to lay off 20% of staff...bye frankenfoods!
JGKAMIN Offline
#90 Posted: Tue, Jan 31 2023, 8:52 PM EST
Joined: 05-08-2011
Posts: 1,402
Groupon layed off 500 then came back for another 500. Build, Back, Better…and good luck affording some eggs with that severance package.
Sunoverbeach Offline
#91 Posted: Tue, Jan 31 2023, 9:09 PM EST
Joined: 08-11-2017
Posts: 14,665
They get a better rate laying them off in, well, groups
DrMaddVibe Offline
#92 Posted: Mon, Feb 6 2023, 1:28 PM EST
Joined: 10-21-2000
Posts: 55,411
Dell said 6,650 jobs, or about 5% of its global workforce, will be eliminated.
JGKAMIN Offline
#93 Posted: Mon, Feb 6 2023, 3:08 PM EST
Joined: 05-08-2011
Posts: 1,402
But I’m sure tomorrow we’ll all be hearing how great this economy is doing and how all these swell jobs are being filled, not vacated. Liars figure and figures lie…
ZRX1200 Offline
#94 Posted: Mon, Feb 6 2023, 3:37 PM EST
Joined: 07-08-2007
Posts: 60,589
Hard for figures to lie when she gets on top.

This is more of a grab your ankles and pray it ain’t dry kinda economy.
HockeyDad Offline
#95 Posted: Mon, Feb 6 2023, 3:40 PM EST
Joined: 09-20-2000
Posts: 46,128
These fired tech workers should do like coal miners and learn to code.
ZRX1200 Offline
#96 Posted: Mon, Feb 6 2023, 3:56 PM EST
Joined: 07-08-2007
Posts: 60,589
I think they’re gonna raise chickens and brew small batch kombucha.
MACS Offline
#97 Posted: Mon, Feb 6 2023, 3:57 PM EST
Joined: 02-26-2004
Posts: 79,770
HockeyDad wrote:
These fired tech workers should do like coal miners and learn to code.


But... ya see... that was their job... and they got fired.

I'll tell them what my mom used to tell me when I did something stupid...

"Looking for sympathy? Pick up a dictionary. Somewhere between shit and syphilis... you'll find it."

And y'all wonder why I'm so fooked up.
DrMaddVibe Offline
#98 Posted: Tue, Feb 7 2023, 7:36 AM EST
Joined: 10-21-2000
Posts: 55,411
Ford CEO Hints At Imminent Layoffs, Cites Need To Be "Efficient"



Ford Motor Co has yet to announce mass layoffs like the ones that have plagued the tech industry in recent months. The latest sign the Detroit automaker might reduce headcount in the near term is from the CEO himself, according to Bloomberg.

"It takes us 25% more engineers to do the same work statements as our competitors," CEO Jim Farley said on SiriusXM radio's "Cars & Culture with Jason Stein," which will air on Feb. 10.

Farley continued: "I can't afford to be 25% less efficient."

Last week, during Ford's earnings call, Farley said the company needs to reduce costs while shifting to electric vehicles. He added that Ford should have done a better job last year and left $2 billion in profits on the table while semiconductor shortages roiled its supply chain.

CFO John Lawler also said there would be more white-collar layoffs last week, and the company needs to reduce manufacturing and warranty costs.

The automaker has spent the last few years launching new EVs and tackling autonomous driving, something Tesla learned to master more than a decade ago.

Also, last week, Ford said performance bonuses for its senior managers, including Farley's, would be slashed because of business performance, according to Bloomberg, citing an internal memo.

Farley's upcoming comments on SiriusXM should be very concerning to all Ford engineers, as their jobs are at risk.

https://www.zerohedge.com/markets/ford-ceo-hints-layoffs-upcoming-siriusxm-show-cites-need-be-efficient
Brewha Offline
#99 Posted: Tue, Feb 7 2023, 9:23 PM EST
Joined: 01-25-2010
Posts: 12,170
The lowest unemployment in 50 years….
Sunoverbeach Offline
#100 Posted: Tue, Feb 7 2023, 9:29 PM EST
Joined: 08-11-2017
Posts: 14,665
Before or after big tech layoffs?
Users browsing this topic
Guest
6 Pages<123456>
Back to Top