People Are Saying The Mass Layoffs Happening Across The Country Are Verrrrry Telling About The State Of America Right Now

This week, many major companies announced mass layoffs. to contain Amazon reportedly started biggest layoffs It laid off 14,000 people on Tuesday.

That same day, UPS announced it would cut 48,000 jobs, and GM followed with more than 1,700 on Wednesday. layoffs.

They are among them various companies They have announced significant layoffs in recent weeks.

“The labor market is clearly weakening,” said the Kobeissi Letter, a publication on global capital markets. a tweet This went viral on X.

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Even before this week’s big layoffs, layoffs were already on the rise. based on Data shared with CBS News. About 950,000 people were eliminated from January to September; this was the largest number since 2020, when the pandemic led to 2 million layoffs by September of that year.

With job insecurity looming for many and SNAP (Supplemental Nutrition Assistance Program) benefits factored in set to run out As of Saturday, November 1, due to the ongoing government shutdown affecting nearly 42 million Americans, some are calling the overlap an “absolutely disastrous matchup.”

Twitter: @mynamehear

Online, people turn to each other to share, express themselves, and cope. Here’s what everyone is saying:

“So if we lay off everyone this year to increase margins, who will have money left to buy your products next year?”

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“Who’s going to buy things?”

“I’m saving as much money as possible because I don’t know what’s going to happen.”

Breakfast Club Power 105.1 FM / @oliviatheehye / Via youtube.com

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“The United States, checking notes… is experiencing the largest number of layoffs since Donald Trump was last President. Every Republican president in my lifetime has crashed the economy. Trump is the first to do it twice.”

“The real recession indicator, by the way.”

From California Governor Gavin Newsom: “Great job @realdonaldtrump“

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“The economy has been weighed down by wealth inequality for decades, and for too long our economy has been centered on corporations and billionaires. We deserve an economy centered on ordinary working people, and the right to good jobs and a living wage.”

And finally:

What are your thoughts? Have you been affected by mass layoffs? How were you affected? Let us know in the comments or about it anonymous form.

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