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Job cuts surge in worst October layoffs in 22 years
- ChrisArchitect 1y agoPreviously: https://news.ycombinator.com/item?id=45834210 https://news.ycombinator.com/item?id=45834210
- taylodl 1y agoAmericans are losing their jobs in record numbers, yet the administration is actively working to strip millions of their healthcare - or simply price them out of it. Food assistance is being weaponized, not to help, but to pressure the vulnerable into submission. And all of this is happening while the elite toast champagne at Great Gatsby-style galas. The biggest insult? America’s billionaires have added $700 billion to their net worth this year alone. So much for trickle-down economics: the only thing trickling down is layoffs.
- salawat 1y agoTrickle down was a far e from the beginning.
- duxup 1y ago>Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market. We hired someone a few months ago and I was going through the applicants and the were WAY MORE QUALIFIED than we typically see for a small unknown organization. To me that was a bad sign as far as how easily folks are finding jobs.