The market has really rewarded companies that announce layoffs, says Recruiter.com's Evan Sohn

[anniesshenanigans]

If you have been laid off, cash out your 401k. these companies rely on 401k cash to prop up their business. When you take it back, they will have to cut back their CEO bonuses and shareholder profits. Although most people do not see the connection, if your company is publicly traded, the 'owner' of the company is everyone that owns stock.. and when you sell your stock (401k) it affects them.

[illegalsmirf]

Sadly, CNBC presenters aren't in danger of losing their jobs

[teebone]

Everthing bad happens to workers and stock price goes up

[Srednicki]

all these Wall Street "experts" have no clue about AI technology, but make super-confidently some crazy predictions

[mchammer]

PSA: he’s not saying get a communication degree, learn how to communicate and network effectively. I repeat do NOT get a communication degree. That is all.

[ak]

It is called greed. The reason why the market rewards companies that announce layoffs is because it means more money for the shareholders which is the only thing the companies seemly care about.

[TarunKumar-spls]

Each of these laid off person is a Mom, Dad, Son, Daughter, Wife supporting his or her family. Where is the humanity here

[prolific]

Announce layoffs, retail sales come in weak, still pump

[ethanf.]

Tech companies saying the same jobs can be performed with automation better than hiring people in the long run. Other sectors will follow suit. While earnings and GDP may improve, the wealth gap will widen. WFH phenomenon may backfire on advocates. Un-employment claim numbers will be obfuscated by the trend towards poly-employment & free lancing.

[JPAGH]

In the EU tech guys make half or even one-third of the money that they would make in the US.
There are no significant layoffs in the UE.

[drtomgao]

I can’t see any efficiency to the point of reducing headcount

[damham]

Im sure the big investors will say. You may lose the income you need to survive on, but you might gain a couple grand in your 401k.

[lppoqql]

With AI coming, the lay offs will be like a flood soon!

[LisaSimplified]

Thought for today: 40ik's support these corporations.

[PeterParker-gtxl]

It's natural, in order to be nimbler one has to shed a few pounds, the problem is the lower levels that are shed not the chiefs.

[gigi]

Seems to me they are reporting more revenue by cutting down workforce

[Srednicki]

who hopefully get's replaced by AI: Wall Street talking heads

[sekou-ex]

How difficult of a job is it to be a jounalist at cnbc? Lol

[martinmorris]

We could reduce the number of presenters. They are paid on ratings so produce or perish

[SaeedAlsomali-un]

it is powerful to know our students and let our students know who we are as people in Saudi Arabia. fools are not going to get better jobs . Cue Where I’m From Poems and I Am Poems. I use this form of poetry from George Ella Lyon each year to help build community and access important identity work. This post includes all of the assignment materials and my step-by-step process including mentor texts and a read-aloud.