Submitted by Accomplished_Body160 t3_zqct7d in wallstreetbets
Just halfway through December, tens of thousands of employees have already been shafted. This is on the heals of HUNDREDS OF THOUSANDS in November. This is not normal. There were ZERO in January, February, March, April and May. Companies understand that tough times are coming and we’re due for a crash. The link below list scrolls on and on with highlights including:
· Morgan Stanley just announced 1600 employees to be laid off—echos of 2007 as wall street begins to dump. Goldman Sachs announced similar layoff plans—in the realm of 4000.
· Door Dash is dumping 1200 employees (December)
· H&M laying off 1500 (December)
· AMC laying off 20% of its workforce (December)
· Alphabet (Google) laying off 10,000 (November)
· Hewlett Packard, 6000 (November)
· Cisco, 4000 (November)
· Carvana, 1500 (November)—incidentally Carvana stock is down 98% YoY and it is currently liquidating all car assets via auction to dealers
· Amazon, 10,000
· Twitter, 8100
· Meta, 11,000
I left out dozens that are less well known adding up to 10s of thousands more—take a look at the list linked here:
https://intellizence.com/insights/layoff-downsizing/major-companies-that-announced-mass-layoffs/
For my full DD explanation of why a crash is impending (besides the above), see here:
https://www.reddit.com/r/Burryology/comments/zpishk/dd_impending_crash/