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MASSIVE LAYOFFS Are Coming - Is Your JOB At RISK?
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Massive layoffs are coming in 2024. We are talking about tens of thousands of jobs cuts. Right after signing generous union contracts, General Motors, Chrysler, Jeep and Ford have all announced layoffs. Nike just announced a $2 billion cost-cutting plan will involve severances. Google is getting ready to lay off 30,000 employees in its ad sales units, in favor of AI ad tech.
Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies. Almost four in 10 companies said that they will have layoffs in 2024. And more than half of companies also said they plan to implement a hiring freeze in 2024. They are blaming everything on artificial intelligence or AI. The news comes as Google is reportedly gearing up to lay off 30,000 employees in its ad sales units in favor of AI ad tech.
Now, these jobs cuts are not limited to tech. Why? Because hundreds of California Pizza Hut franchises announced cuts in their delivery services, laying off more than 1,100 drivers. They are doing so to offset California Mandated statewide minimum wage increases for fast-food workers. The layoffs are expected to go into effect as soon as February, just weeks before the state’s $20 minimum wage for fast-food workers is set to go into effect. California’s minimum wage is currently $15.50 for all workers. Statewide, the increase is estimated to affect more than half a million workers.
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DISCLAIMER:
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Mass layoffs are in store for 2024, and it might end up affecting nearly half of companies. Almost four in 10 companies said that they will have layoffs in 2024. And more than half of companies also said they plan to implement a hiring freeze in 2024. They are blaming everything on artificial intelligence or AI. The news comes as Google is reportedly gearing up to lay off 30,000 employees in its ad sales units in favor of AI ad tech.
Now, these jobs cuts are not limited to tech. Why? Because hundreds of California Pizza Hut franchises announced cuts in their delivery services, laying off more than 1,100 drivers. They are doing so to offset California Mandated statewide minimum wage increases for fast-food workers. The layoffs are expected to go into effect as soon as February, just weeks before the state’s $20 minimum wage for fast-food workers is set to go into effect. California’s minimum wage is currently $15.50 for all workers. Statewide, the increase is estimated to affect more than half a million workers.
Our goal is to help you become financially free.
To schedule a one-on-one coaching, send an email at:
Become a Gold Member today, if you want to get access to exclusive content:
Become an official member of the Financial Coffee Channel by sponsoring the content:
Cash APP: $financialcoffee
Venmo : @thefinancialcoffeechannel
DISCLAIMER:
All content in this video is for education, illustration and entertainment purposes. The advice given should not be taken as legal, nor financial advice.
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