"October saw 153,074 announced layoffs—up 183% from September and the highest for the month since 2003—as companies, especially in the tech sector, slashed jobs while restructuring around artificial intelligence.

[wdlindsy@toad.social]

"October saw 153,074 announced layoffs—up 183% from September and the highest for the month since 2003—as companies, especially in the tech sector, slashed jobs while restructuring around artificial intelligence. This spike, alongside over 1.1 million cuts so far this year, signals a labor market under increasing pressure despite pockets of continued job growth."

~ Aaron Parnas

#jobs #JobMarket #economy #AI #ArtificialIntelligence #EconomicElites #TechBros #Trump
/1

https://aaronparnas.substack.com/p/news-donald-trump-rebrands-says-he

[wdlindsy@toad.social]

"It’s been a brutal Thursday for Donald Trump, and for the American people living under his failed economic agenda. The latest private jobs data confirms what so many families already feel: this economy is falling apart. October saw the highest number of corporate layoffs since 2003, with more than 153,000 jobs slashed last month alone."

~ Ben Meiselas

#jobs #JobMarket #economy #Trump
/2

https://www.meidasplus.com/p/thursday-afternoon-news-updates-11625

[godfrey642@aus.social]

@wdlindsy

The RW in most nations claim to be the party of good management.
This is true certainly in anglo-heritage countries.

It's a myth. They slash and burn and guarantee money solely for the wealthy; not for all citizens.

The LW parties budget for the people. The problem they always have is that LW parties are elected *after* RW parties fail and leave the country on its financial knees. They have to sort out the mess AND somehow improve the economy simultaneously. And it's expected they do it in an instant.

The UK is currently in that mess.
In Australia Labour was voted in after 12yrs of corruption and mismanagement.
USA will go the same way IF EVER they can oust this putrid festering crew of scumbags.