Tech Layoffs Coming Tidal Wave - The Tracker

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HillsideDesolate

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Not turning Seattle has a majority openly socialist city council and has had for a long time now.
Seattle has 9 socialist city council members and one who admits to it.

The good news is that she, along with several others announced they will not be running for reelection this year. The bad news is that their replacements WILK be more of the same.
 

OKRuss

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Email received earlier today. It mentions officers/directors but figure the trickle down will hit us who are below director soon. Can't fathom the $$ spent on severance packages and 'buyouts' of the execs.

Team,
As you know, we have embarked on a transformation effort to create the world's most flexible, efficient, and intelligent supply chain for our customers. This process is critical to ensure we remain competitive in a rapidly changing environment, and it requires some difficult decisions.

Today we are in the process of informing a number of team members across our global enterprise that their positions have been eliminated as we reduce the size of our officer and director team by more than 10% and consolidate some teams and functions.
 

Chuckie

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It’s turning or have already turned into a liberal utopia, minus the money to pay for it.
I agree that Seattle has turned into a liberal utopia but businesses like the Regal Meridian 16 closed, or is closing, their theaters across the country (39), not just in Seattle. Closings are more because of the economy, not necessarily because of liberalism.
 

WoodsCraft

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I agree that Seattle has turned into a liberal utopia but businesses like the Regal Meridian 16 closed, or is closing, their theaters across the country (39), not just in Seattle. Closings are more because of the economy, not necessarily because of liberalism.

Movie theaters were losing money before COVID hit , the bug just accelerated the problem into overdrive. Amazon , Apple and others offering the same movies in theaters from the comfort of your home has been shoveling dirt on a dying man .
 

SlugSlinger

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Anyone wants to wager this will be revised down say 90% in a couple months?

Jobs report: U.S. economy adds 517,000 jobs in January, unemployment rate falls to 3.4% as labor market stuns​

 

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