If I’m not mistaken the 2nd phase is just that weird helix building, there are several huge buildings that are almost complete.

Situational outrage Brew?

So is this like some animals being created more equal than others, some classified information….

No outrage here Z.
I’m just enjoying the clown show….

Oh hell knows you’re not gonna get me to bite on the clown car bit!

Not today Bill Cosby.

Indeed.




It is rather ironic that while the unexpected weekly drop in initial jobless claims highlights the structural shortage of workers in a very tight labor market, internet job-search platform Indeed plans to lay off approximately 2,200 employees, representing 15% of its workforce.

In a blog post, Indeed CEO Chris Hyams expressed that he was "heartbroken to share that I have made the difficult decision to reduce our headcount through layoffs."

"We anticipate we will be letting approximately 2,200 people go. This is roughly 15% of our team. The cuts come from nearly every team, function, level and region at Indeed and Indeed Flex," Hyams wrote.

He warned about mounting macroeconomic headwinds that will dent revenues:

"It is becoming increasingly likely that HR Tech revenue will decline in FY2023 and potentially again in FY2024."

... as with many tech companies, the CEO acknowledges the error of excessive hiring in recent years:

"With future job openings at or below pre-pandemic levels, our organization is simply too big for what lies ahead. We need clarity, focus, and urgency to ensure that all of our energy is directed towards investing in our future. We have held out longer than many other companies, but the revenue trends are undeniable. So I have decided to act now."

The irony of the Indeed layoffs lies in the fact that the labor market continues to be exceptionally tight.

"Found it quite ironic that as we are debating the strength of the labor market Indeed.com (major online us recruitment website) is slashing jobs citing a challenging macroeconomic backdrop," Goldman Sachs analysts told institutional clients Thursday morning.

What's likely happening is that companies are pulling sponsor job listings posts from Indeed as recession threats surge.

We shared with readers early Thursday morning one surprising chart that shows a possible 3-month lag between monetary policy and its effect on the job market.

So, in summary, layoffs at one of the largest job websites in the US might serve as a telling sign of potential turbulence in the job market.

https://www.zerohedge.com/markets/largest-jobs-website-lays-thousands-employees 

Over the next three months, hundreds of workers at five Walmart warehouses handling e-commerce orders will be laid off. This situation could be a worrisome indication that consumers are tapped out.

A Walmart spokesperson told Reuters about 200 warehouse workers in Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania locations were asked to find new jobs before summer due to the need to reduce headcount.

"We recently adjusted staffing levels to better prepare for the future needs of customers," Walmart said in a statement.

Layoffs at Walmart are considered an indicator of retail trends due to its size in the retail space, and might serve as a warning sign of potential economic turbulence ahead.

Earlier this month, we noted "consumers hit a brick wall" as credit demand - function of soaring interest rates - slumped amid a surge in tightening lending standards.

We've shown readers consumers have racked up insurmountable credit card debts while draining personal savings to near-record-low levels.

While the 23rd straight month where Americans cost of living has outpaced their wage growth...

Earlier this week, Goldman's consumer retail trader Scott Feiler informed clients that the first signs of a slowdown among low-income earners have surfaced.

Bottom line: US consumer is 70% of the US GDP, and the Walmart layoffs are yet another sign that the 2023 GDP is set to take a tumble.

https://www.zerohedge.com/markets/walmart-layoffs-fulfillment-centers-signals-ominous-sign-economy 

Those wacky Walton grandkids don't need a haircut. Main Street...take one for them and show it to them afterwards.

just askin' here, I am far from a techie nor am I an economist, but...

could many/most of the layoffs we see be due to rapid over hiring coming out of the pandemic economy, and this is the responsible correction?
I'm limiting my thoughts to the tech industry so might it not necessarily be a harbinger of a collapse, perhaps just a few specific vertical industries rather than every area?

Walmart layoffs look like they reflect the consumers' drop in reliance on remote shopping, and the Indeed guy went with: "... as with many tech companies, the CEO acknowledges the error of excessive hiring in recent years:"

I mean, the economy still seems to be heated up, rising prices will likely slow that down, but it also seems that record profits would indicate there is room for prices to come down to more affordable levels to stay in line with wage growth.

A recession is a responsible correction.

NPR to Cut 10% of Its Staff

https://www.nytimes.com/2023/02/22/business/media/npr-layoffs.html 

Build, Back, Better…

What has this administration built? What is back? And what is better? For somebody that claimed they were going to use their time in office to unite, it sure hasn’t seemed that way.

Amazon is too big to fail.

If Amazon goes down, how do we go about getting substandard goods in exchange for our dollars to the Chinese?

We need to fund their military so they can provide the same level of freedom in Taiwan the people are enjoying in Hong Kong.

We also need a platform of some sort to ship them our personal data.

Will anyone notice?

Their programming over the last three years has been atrocious.
Now I listen to several hours in a row. I only turn it off if I hear one of a few words.

Racism
Black and or Brown people
LGBT etc.
Trigger, Triggering
Disenfranchised
Substance Abuse Disorder
Trump
drag show story hour
racist cops
underserved
social unrest
mostly peaceful
safe and effective

Am sure I'm missing a few.

More Happy News on NPR:

🌐 NPR cancels 4 podcasts amid mass layoffs : NPR
npr.org
› 2023 › 03 › 23 › 1165559810 › npr-layoffs-cancels-podcasts-invisibilia-rough-translation
1 day ago - Through the layoffs of about 100 people and the elimination of dozens of vacant positions, NPR intends to cut back its workforce from approximately 1,200 to about 1,050 employees. The nonprofit network's layoffs represent its largest reduction in staff since the 2008 recession. "It's been emotional, I have to tell you that," said Pat O'Donnell, executive director of SAG-Aftra's Mid-Atlantic division.

🌐 NPR to Cut 100 Jobs - The Lancaster Patriot
thelancasterpatriot.com
› npr-to-cut-100-jobs
March 23, 2023 in National News 0 NPR building. (David King/Flickr) NPR, the Washington, D.C.-based nonprofit media organization, announced last month that it will lay off approximately 10% of its current workforce.

🌐 NPR Talent In Solidarity As Layoffs Due By Friday - Radio Ink
radioink.com
› home › news › headlines › npr talent in solidarity as layoffs due by friday
1 day ago - NPR announced 10% of staff would be cut by the week of March 20. With that week here, and almost over, many talent prepare for the worst.

Pre 911 I used to really enjoy NRP (JPR locally).

There was an air of effort to be even handed. Over the course of W there was a palpable shift and it ramped exponentially. You could really feel it in what hosts said during entertainment segments…..

When Click n Clack quit airing new episodes I truly lost all interest which I didn’t take enjoyment in. NPR should have a place just like MSM should. And just like every piece of centralized power it needs a douching.

LG Will Spend $5.5 Billion on a Battery Factory in Arizona

Investment plans for U.S. battery production have increased since President Biden signed a law that offers generous incentives for electric cars and green energy.

An LG Energy Solution booth at a battery convention in Seoul. People walk under a large sign for the company.
LG Energy Solution says it is increasing its investment in a battery factory it is building in Arizona.Credit...Jean Chung/Bloomberg

A South Korean battery manufacturer said it would quadruple its planned investment in a new factory in Arizona to meet growing demand from automakers that are trying to ramp up production of electric cars and trucks.

The company, LG Energy Solution, said it would invest $5.5 billion to build the complex near Phoenix, where it plans to make batteries for electric vehicles in 2025 and for energy storage systems the next year.

LG said its decision was driven in part by the Inflation Reduction Act, which became law in August and included federal incentives for the sale and production of electric vehicles and batteries in the United States. Customers of LG, which is one of the world’s largest makers of batteries for electric cars and energy storage devices, include General Motors, Ford Motor, Honda and Tesla.

“We believe it’s the right move at the right time in order to empower clean energy transition in the U.S.,” Youngsoo Kwon, the company’s chief executive, said in a statement.

The multibillion-dollar investment is the latest by battery and auto companies since President Biden signed the Inflation Reduction Act.


https://www.nytimes.com/2023/03/24/business/energy-environment/lg-battery-factory-arizona.html 

Workers and small businesses in Belvidere, Ill., are dealing with the aftermath of mass layoffs, after Stellantis idled its Jeep factory


"Early last year, workers at a Jeep factory here hoped their plant would be converted to an electric vehicle facility as the auto industry revamps for a green-energy future. Engineers came to take measurements for a possible retooling, and rumors spread that electric sports cars were on the agenda.

But those hopes crumbled last month when the corporate parent company, Stellantis, ended production at the 58-year-old plant and laid off roughly 1,200 workers, ripping the heart out of this small town 70 miles northwest of Chicago.

The decision, now causing knock-on layoffs and lost business at local auto-parts suppliers, restaurants and shops, shows the dark side of the zero-emissions economy the Biden administration is championing with tens of billions of dollars of taxpayer-funded subsidies. Even as many communities will be transformed by the federally backed push to produce electric cars, batteries and solar panels, some will get left behind.

“Whenever you turn the ship ... you’re going to have casualties. Unfortunately the casualties are going to be our employees and our community,” Belvidere Mayor Clinton Morris said in an interview.

Federal subsidies for electric vehicles aren’t the only reason automakers are going green. But since federal officials have “put their finger on the scale” in favor of EVs, they should be doing more to lessen collateral damage for towns like Belvidere, Morris added. “If they’re going to weigh in on that, they should weigh in on how they’re going to help employees here and keep them in the community.”

As it embarks on its biggest retooling in a century, the auto industry has announced more than $70 billion of EV investments in the United States alone. That spending is already creating new pockets of prosperity in many parts of the country — and apprehension in the long-standing auto-manufacturing communities whose fates aren’t yet certain.

This Midwestern factory was dead. Electric vehicles revived it.

Protecting jobs in the EV transition will be a top concern for the United Auto Workers union as it enters negotiations with Ford, General Motors and Stellantis this year for new multiyear labor contracts. Particularly vulnerable are the jobs and Midwestern communities that manufacture the gas-powered engines and transmissions not needed in an EV.

White-collar workers also face uncertainty. General Motors in recent weeks began offering buyouts to its U.S. salaried employees as it trims costs to pay for the EV transition.

In a recent meeting with Stellantis chief executive Carlos Tavares, Biden’s climate adviser, Ali Zaidi, encouraged the auto company to apply for federal funds to help repurpose the Belvidere factory, according to a White House official, who spoke on the condition of anonymity to discuss a private meeting. Stellantis spokeswoman Jodi Tinson declined to comment."


https://www.washingtonpost.com/business/2023/03/22/auto-factory-closing-ev/ 

Because...taxpayers will fund it all.

Progressivism gubment says people losing their jobs, homes, and businesses is the price that must be paid to eliminate those evil fossil fuels and save the planet from the existential threat of climate change. LEFTIES always say the ends justify the means.

This is why I don’t bet against the government. We pass the Green New Deal Lite and call it the Inflation Reduction Act. The money will flow!

The key is naming it.

And not being mean to the wrong people, you can be mean to the right people though as long as you label them.

My experience as well. Been listening so long, I recall one of the WPR tag lines was Commercial free, Wisconsin Public Radio.

Learned a couple things every day. Raised my vocabulary game. Naturally curious, I enjoyed listening and learning about different people and places.

It sure unwound- slowly at first, then more quickly. Now I wonder if they even know who they are. Would like to see a mission statement on what exactly they are trying to do.

One quirky guy I will listen to if I hear his voice while scanning the stations is the Garden Talk guy. Other than that, if I'm feeling lucky, I'll tune in randomly and listen until one of my "trigger words" are spoken.

My average listen time per day is usually sub 5 minutes.