Prepare For Recession | Layoffs EXPLODE

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Prepare For Recession | Layoffs EXPLODE
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29 май 2024

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Комментарии : 443

@shellylofgren 27 дней назад

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

@donna_martins 27 дней назад

Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust

@Walter_hill_ 27 дней назад

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

@Trevor_Morrow_LTD 27 дней назад

Mind if I ask you to recommend this particular coach you using their service?

@Walter_hill_ 27 дней назад

Credits goes to " Vivian Jean Wilhelm " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

@Trevor_Morrow_LTD 27 дней назад

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@SeanTalkoff 27 дней назад

You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.

@tmer831 27 дней назад

A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.

@DavidCovington-st2id 27 дней назад

The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!

@SteveDutton-v 27 дней назад

Since the middle of last year, the market has made it difficult for me to start investing, even though I've known for a few months that I want to. I want to convert my 60k into an S&S ISSA, but it's difficult to take the risk and actually accomplish it. A substantial milestone like £557k. Could you please share your plan? It would be wonderful to get understanding.

@DavidCovington-st2id 27 дней назад

I am aided by my CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

@SteveDutton-v 27 дней назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@austinbar Месяц назад

A perfect storm is brewing in the United States. Housing prices, Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund which has been sitting duck since forever with zero to no gains.

@rogerwheelers4322 Месяц назад

There are lot of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts with ISDA Agreement. An agreement that lets investors sit at the “big boy table” and make high level trades not available to amateurs. Trying to be a high stakes trader without an ISDA is like trying to win the Indy 500 riding a llama.

@joshbarney114 Месяц назад

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

@FabioOdelega876 Месяц назад

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@joshbarney114 Месяц назад

I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@FabioOdelega876 Месяц назад

Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

@Thomasbonner752 29 дней назад

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

@McElvinn 29 дней назад

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

@sheltonPston 29 дней назад

Agreed the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around $300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate

@corrySledd 29 дней назад

Your advisor must be really good. How I can get in touch? I have to start investing as I feel inflation is eating into my nest egg.

@sheltonPston 29 дней назад

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with (‘’Amber Kay Wright”) for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@chrissmurrayy 29 дней назад

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@vincentortega4284 Месяц назад

We have been in a recession, depression is next

@Spirit-FilledMindset Месяц назад

Too late to prepare. We had it in 2022. We have been in a depression for over a year now. If you can't see that, you are blind.

@nesq4104 Месяц назад

We been in a depression since 2020😂😂

@sawtoothbygeorge Месяц назад

So many are very blind.

@drewstead316 Месяц назад

Looking for work as grave digger now🪦

@user-jh8pv4pc9j Месяц назад

or colour blind

@shawn576 Месяц назад

The real thing to watch is the Canadian dollar and Australian dollar. Canada is based on oil demand while Australia is based on metal demand. Both peaked in 2021. US job postings on indeed also peaked in 2021. All data points to 2021 being the high level mark for the global economy.

@goddesschen6249 Месяц назад

I have a friend that has worked in the IT industry for 15 years. He was laid off in February and still has yet to find work.

@SomeUserNameBlahBlah Месяц назад

Wal-Mart wants people to move so they quit, this means Wal-Mart doesn't need to pay severance packages for layoffs.

@Matt_K Месяц назад

BINGO. No severance cost and reduced payroll cost.

@karenjensen2345 Месяц назад

Bingo

@bbow4972 Месяц назад

Probably. Amazon used the same approach.

@robertbrown1021 Месяц назад

No way most employees relocate to Arkansas..... Sad.... Hate people getting sick followed by losing their job.

@lizmyers469 Месяц назад

This!! RTO is all about getting them to naturally atrit so they dont have to pay severence and UI

@eddie9201 Месяц назад

The housing market/industry at this point in time is unsustainable.

@Lonovavir Месяц назад

Is anything sustainable now? Between student loans, buy now pay later, credit cards and auto loans there's a lot of debt out there.

@mbanderson83 Месяц назад

School season is almost over. Over 100k layoffs have been anounced around the country. Get ready for that.

@johndonovan7018 Месяц назад

100k nationwide is nothing. wont be felt at all.

@buccrides50 Месяц назад

Recruiters are calling people and their boss is telling them make calls but we are not hiring

@Al-Storm Месяц назад

Jobs have been soft for a while. 2023 had a net loss of full time work, replaced with part time work.

@BuyLessJess Месяц назад

I haven’t been laid off but I have been financially preparing for it for years.

@JuhEfReechN Месяц назад

Family member was laid off from IT position. It took them more than a year and a half to find a comparable one.

@quixomega Месяц назад

I graduated university in 2009, let me tell you it was hard to find a job and pay was bad.

@DudeSweet072 Месяц назад

That was probably the toughest time I have witnessed financially

@takemetothelakes788 Месяц назад

2010 same thing

@MrComerford77 Месяц назад

I'm an auto mechanic, if you are a good mechanic even if you lose your job you can be working the next day. It's crazy in the automotive field.

@SomeUserNameBlahBlah Месяц назад

Most fields are like this. It's the mediocre people who are being cut.

@EmilyGloeggler7984 Месяц назад

You fail to mention that even those people who are good in trades decide to leave those dying and hazardous industries for better horizons.

@EmilyGloeggler7984 Месяц назад

@@SomeUserNameBlahBlahNot always. Some of the good ones leave because they get tired of the trade rat race and screwing their lives and health over. I personally am grateful never to get into trades again. :)

@FrankLadd Месяц назад

HVAC trades are good steady work too.

@krowzzzzz9050 Месяц назад

@@SomeUserNameBlahBlahgooogle core python team got cut , all core team member from all the tech , health care , heck I was definitely not mediocre since I got compliments all the time and was part of the big lay off 70% of our team while a guy with pip survived, I don’t think it is about if you good or not at this point , it is just a excel and if you on the list or not

@peter5149 Месяц назад

I used to live in Bentonville. Trust me when I tell you this: Walmart has corporate layoffs every single year.

@Dreadspark_ Месяц назад

I'm skipping over the tragic layoff I experienced in February because it is what it is, and I'm still looking. Ghost job postings should be illegal. I don't care how this is implemented as long as it is effective. The silence from so many companies is deafening. They waste applicants' time on jobs that do not exist and wear down the morale of those already suffering from unemployment. I will get a job eventually, but this is bad business.

@Harley_Dude Месяц назад

Just found out my team is getting laid of and replaced by more Indians from over seas in 12-18 months Im not making it easy for them to replace me so I am no longer annotating my programming and removed all notes from previous code. I expect them to say something but they can go ahead and fire me so I can find another job while collecting unemployment.

@user-zt1st5ws7q Месяц назад

Yes, American employees in the IT field have been being replaced for decades and those same company you work for have always lobbied for that.

@brianmatthews4149 Месяц назад

I love those call centers.hi this is Ricky .no it's not your name is guda.

@internetpointsbank 28 дней назад

Imagine making well over the national average for decades and being this petty.

@Harley_Dude 28 дней назад

@@internetpointsbank I'm not sure what your comment is hinting at but I average 75K/year I don't see how I'm being petty.

@internetpointsbank 28 дней назад

@@Harley_Dude Deleting the notes when all you have is yourself to blame for not saving and letting some company screw you for decades

@AledoTxITwins Месяц назад

My neighbor lost his job in energy and now he’s doing DoorDash and Amazon flex. Majority of these type of jobs require you to put wear and tear on your own vehicle and they don’t come with benefits.

@floridamaddogg Месяц назад

RIP to all the new grads 😂....as an engineer who has been in the industry for over 20 years, they are only hiring engineers that have years of experience. No beginner jobs. McDonald's is still hiring or look at theme parks. They need people badly countrywide

@artemishumaan6984 Месяц назад

Yes, but the tail end of the boomer gang is very large (the largest I believe) and they are starting to leave the workforce. The other problem is that these new engineer don’t want to work as hard as the boomers but corporations have no choice so there will still be enough opening to allow these millennials and gen Z’s to jump from job to job and try to get raises.

@BlackBullRising Месяц назад

I work in Tech. Years ago I learned to pass on the $220K salary for a secure Government job making half that. I don't have to worry about mass layoffs every 5yrs or so.

@ca417pc9 Месяц назад

If you’re good with in demand tech specialties, you don’t have to worry about layoffs and you’ll be earning 400k+.

@staceygantt1119 Месяц назад

Yea you're right, but you are susceptible to government shut down, still required to go to work and your raises are pennies on the dollar. Especially, if your role is critical in IT; you're going to work with or without pay. I selected the salary over the fed. Those annual bonuses are just too good.

@BlackBullRising Месяц назад

@staceygantt1119 Luckily I've always worked for funded agencies. +20yrs and I've never been effected by a shutdown. Same with pay depends on the Agency. I retire in a few years I'll give Big Tech one more glance then.

@drivethrupoet Месяц назад

@@BlackBullRising Please retire for real. The people in their 40s and 50s were the majority of those laid off now, by a lot of execs that really should have, and definitely could have, retired 5 to 10 years ago.

@wednesdaytheblackcat7385 Месяц назад

@@drivethrupoet Indeed. I believe that if you already have enough money, stop working. Let someone else have a chance to do your job. Some people are just so greedy, they can’t stop and enjoy what they have and let others have a shot. … Sorry for the rant.

@Rocket-Gaming Месяц назад

Tech / media / video its been 3 months soon, 15 years of experience, over 50 applications. Not 1 interview or call back. 2 waves of layoffs hit my company few months ago. I know personally 5 people laid off, who knows how many more were let go.

@obie1coby Месяц назад

What you have to highlight is that this is what has to happen to get prices under control. The Fed has to break the consumer to eventually get prices under control

@lizmyers469 Месяц назад

Ive been saying this for years. The only thing that fixes inflation IS a crash. Inflation has been highest in the housing market. They are going to be forced to have to crash housing prices in order to get this under control.

@Esperia-ef9xh Месяц назад

THINGS ARE LOOKING BAD OUT HERE😢😢😢

@Matt_K Месяц назад

US is done. BRICS are extremely close to replacing SWIFT. which will mean massive contraction in banking system and thus severe contraction in all other sectors of economy.

@KJPartyof6 Месяц назад

Dead Serious... Every job i applied for and followed up on... Nothing, no interview; Generic response. 17 years in corporate banking/lending, 3 in non profit. The only interviews i got were literally places where i knew someone who'd make sure my resume got considered, even then I lost out to someone who had a closer relationship (nepotism). Pay & benefits are abysmal for what i have right now, better than nothing tho!

@Lonovavir Месяц назад

100+ applications to get an interview on a good week here.

@drivethrupoet Месяц назад

I think it's especially tough for women our age. I do get interviews but millennials are interviewing me.

@user-zt1st5ws7q Месяц назад

What is is being experience is leftover effects of our handling of the pandemic. We had a short recession in 2020 during which the federal government banned foreclosures and evictions which is something that has never happened before in an economic downturn. It’s these recessionary losses of jobs homes, cars, etc which allow prices, especially homes to reset. That’s been the pattern for every major recession going back 100 years.

@bbs7848 Месяц назад

My buddy was a Tesla mechanic for 11yrs and was cut two weeks ago here in Las Vegas Nv.

@TheGuruStud Месяц назад

That means they're denying even more warranty repairs.

@johndonovan7018 Месяц назад

what is a tesla mechanic

@noise59LMLM Месяц назад

@@johndonovan7018 😅😂

@redtiger7268 Месяц назад

@@TheGuruStud Tesla is trying to remove all older models from the road. They want only new to 5 year old cars out there. Due to the internal data they have found out that if they make cars able to last 12-20 years with proper maintenance like a standard ICE vehicle Tesla would not exist in less than a decade.

@mchaves7663 Месяц назад

Maybe it's an opportunity for him to start his own tesla mechanic shop

@SmokeJensen Месяц назад

I'm in transportation. Things should be starting to pop off for the season. Calling it a slow down would be an understatement

@DudeSweet072 Месяц назад

Slow start?

@SmokeJensen Месяц назад

@@DudeSweet072 it could be. Just seeing so much instability.

@brianmatthews4149 Месяц назад

I work in bulk.out west.60 hours a week. Iam praying for a slow down. 16 months and retired.

@EmilyGloeggler7984 Месяц назад

My husband worked for UberEats and DoorDash and ended up with barely any work at all. He isn’t even earning $400 a week and it’s unsustainable after cutting out all the wants, budgeted, and we are still homeless and in terrible debt - in spite of good resumes, letters of recommendation, and cover letters, saving money, and budgeting.

@jjjonis245 Месяц назад

Now that’s funny, he worked for UberEats. Hope you can get that benefit package they gave you back. Can’t understand why he hasn’t been snatched up yet with such an impressive resume.

@Thyalwaysseek Месяц назад

@@jjjonis245 How is this funny? It's horrible, are you devoid of any empathy? What the hell is wrong with people these days.

@Thyalwaysseek Месяц назад

Sorry to hear that you're going through this, unfortunately you are not going to be in the minority when it comes to struggling financially like this, it's just the beginning of the worst depression in history.

@RE-ee3ud Месяц назад

I am going to pray for you and husband that God blesses you with health and a large income.

@johndonovan7018 Месяц назад

i support my local delivery drivers. i tip a lot based on mileage and i see certain people taking the order from their house over and over (you can see where they become live on the tracker). the bad ones seem to have stopped working. like those who cant read an address or decide to take a nap in between

@MavRick69 Месяц назад

Starting to see layoffs in upper level management positions and stem positions. Also seeing companies laying off remote workers. These are happening in solid companies that are profitable. (Banking and Insurance Companies)

@nesq4104 Месяц назад

Banking has been horrible 3 to 4 yrs straight

@SomeUserNameBlahBlah Месяц назад

Insurance companies haven't been profitable in recent years, or only have minimal profit.

@nesq4104 Месяц назад

I been in investment banking compliance since 2015 in NYC. Send mid 2021 it has been the absolute worst. Never know how long I'm working anymore. They are terminating 6 months contracts in 5 weeks suddenly, 3 contracts in a row. I barely worked in 2 years as a result. 2023 I worked 5 weeks on a 3 month temp to perm and was cut suddenly. 2022 3 month on 6 month+ engagement same thing. And now 2024, no calls for jobs at all. It was already scarce since 2021. Now the floor caved in. Same happening with my peers. I'm in a different industry at the moment grateful for income

@Lonovavir Месяц назад

Best economy ever!!!!!

@MavRick69 Месяц назад

@@Lonovavir JPmorgan just said liquidity is drying up. So the implosion is soon

@obie1coby Месяц назад

I think trying to save money is what is getting people in trouble. To thrive in today's world you need to get that money returning more income. You may need to acquire more skills to do that but that is necessary

@staciesworld81 Месяц назад

I work for a very large company and am surprised to not see them on the lay off list. So many people across the company and country are being laid off, including myself. It feels a bit sus that I'm not hearing anything about it. Maybe because we were all given different time frames for each location? If that's the case are they doing it like that so the reporting doesn't look as terrible?

@drivethrupoet Месяц назад

what industry?

@TiktokTownhall Месяц назад

The job market is so bad that I’ve started my own RU-vid channel to attempt to make money

@GovtWatchdog Месяц назад

Companies that pay well don’t want to hire younger individuals these days because they assume they’re lazy and just want to collect a paycheck.

@MissBabalu102 Месяц назад

Nor do they want over 50s...

@AlenAbdula Месяц назад

After the layoffs many of the jobs will not come back, and will be replaced by Ai. I have friends at director positions, they're all telling me about upcoming layoffs and how Ai is affecting their work. This is affecting higher end positions most of these people are over leveraged. And there's high possibility their jobs will be extinct.

@Games4Kidz7 Месяц назад

Companies are opening job positions, interviewing but do not hire. Is a loophole they are exploiting

@vonnieburt1163 Месяц назад

A neighbour lost her job a month ago.

@sandeep133 Месяц назад

No one is talking about the bloodbath in Pharmaceutical Industry. Thousands of jobs got axed in last few months.

@joserivera7349 Месяц назад

When a big company lays off people there is a chain reaction in other sectors of the economy since suppliers to that company will have to lay off people too!

@HabibullahAmjd Месяц назад

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!

@redeyesband Месяц назад

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

@emacflores7914 Месяц назад

I am in the construction business and I have been working only 20 hours a week for the last three weeks

@jasonsheehan7782 Месяц назад

Better than nothing but noone can survive on that these days. I'd start looking at jobs now and get in front of it. Good luck! I just went through the job process.

@eurekahope5310 27 дней назад

I am sorry for the cut in hours. In order to afford a new roof, we are hoping roofers get hungry in our area. We were quoted $20,000 for our small, single story home with a pitch of less than 45 degrees. California is soooo expensive.

@emacflores7914 25 дней назад

@@jasonsheehan7782 thank Jesus Christ!

@Delymarie Месяц назад

I was laid off from pharmaceutical. Also had a friend in clinical trails company complete shutdown and laid off everyone there.

@iishirkerii9540 Месяц назад

Demographer Nick Eberstadt says that there 10million people between the ages of 22-35 that are unemployed, not searching employment, and without kids. Finding a job is next to impossible. There are a bunch of bs assessments on indeed. I gave up searching when I got the question “add 3 numbers up to 30. Pick from 1,3,5,7,9,11,13,15” Planning on just joining the military and taking taxpayer money. Sorry not sorry

@kpenn8516 Месяц назад

Here in Tucson, our largest employer (education) is in the midst of layoffs- will be happening over the course of the year. Not sure of the number, I have heard up to 1k. These are a result of substantial overspending at the top. Job cuts include all levels from custodians to professors, VPs, and attrition. Such a terrible shame, these are people who have been employed here for 10-20 years.

@jjjonis245 Месяц назад

Teachers aren’t needed when couples aren’t having children.

@rubicon3416 Месяц назад

So less public sector union government workers? That's a positive.

@BufordTGleason Месяц назад

Anyone who isn’t sleepwalking, doesn’t pay their own bills or is in willful denial knows things are terrible. Discretionary income has basically vanished and everybody is scrambling to figure out what they need to have as opposed to what they want to have.

@SirCarlosMusicBMI Месяц назад

🎉🎉🎉 Thank you Travis for what you do 👏👏👏❗️ I remember about a year ago when the Economic Ninja mentioned that in the near future most Americans won’t know wether to turn right or left in life. And I’m already feeling that. I highly respect your thoughts and honesty regarding everything you share with us. I’m really beginning to feel like I’m getting lost in this insane Economic status that we’re in. So glad that I already did the majority of my life by running my own business for most of my life and buying many properties when times were good. I truly feel sorry for the younger generation. Blessings,Carlos ✝️🙏❤️😊🇺🇸

@mrodd1234 Месяц назад

Friend I know took 9 months to find a job just got one starting 6/1. My nephew was laid off by Tesla and still no job ......

@marktreston2982 Месяц назад

Thank you, Travis. Always informative.

@KorthyV2 Месяц назад

I’m not willing to pay for a house at these prices. I hope It crashes down. If not, that’s fine, I’ll invest the difference. Either way I’ll find a way to be happy and prosperous.

@angelafariscal8020 Месяц назад

Same here no no debt I get by paid off my car before I retired renting no worries .

@EmilyGloeggler7984 Месяц назад

What jobs do you do?

@KorthyV2 Месяц назад

@@EmilyGloeggler7984 I own a cleaning business and am part of a heat and frost Union.

@KorthyV2 Месяц назад

@@EmilyGloeggler7984 I am in a hear and frost Union, I started an unrelated business a couple years ago and am currently juggling both.

@jjjonis245 Месяц назад

That’s the American way.

@Talal_D47 Месяц назад

I got 5 close friends in IT that lost their jobs in the past few months and they all made over 6 figures

@internetpointsbank 28 дней назад

Must be tuff for them considering they made so "little"

@sascha5502 Месяц назад

All the people who thought mean tweets were bad are realizing they made a big mistake😂😂😂.

@nealkelly9757 Месяц назад

Theyll make the same mistake again

@johndonovan7018 Месяц назад

yes he started this by giving 8 trillion to corporations. but you would never realize it.

@drivethrupoet Месяц назад

@@johndonovan7018 giving corporations money is what led to layoffs... sounds logical

@johndonovan7018 Месяц назад

@@drivethrupoet what.. they dont care if you give them money or not. if they find a way to make more money they will take it, how much money they have is irrelevant

@drivethrupoet Месяц назад

@@johndonovan7018 1) those were tax breaks, right? 2) market demand and manufacturing costs, the Q/Q market share and stock trend, and the global markets, among other things, come together to drive financial decisions that lead to layoffs. A balance sheet is complex. Take a look at any large corp's annual earnings report.

@Socal2498 Месяц назад

In San Diego, Walmart as you know, closed two stores (San Ysidro & El Cajon) but my (26 yr old) son last month was hired at the Kearny Mesa Walmart for late night stocking for $19 an hour despite the layoffs. He mention to me he also getting time-and-half for over time.

@dev_with_me Месяц назад

If you think AI is the reason for tech employee layoffs, then you don’t know what technical people in tech actually do.

@johndonovan7018 Месяц назад

you mean those reddit moderators that sit and do nothing all day.. replace them with a pet rock! "tech" is full of useless people like that

@Zylerzboarder Месяц назад

Cover Letter... well theres a boomer remnant. A Cover letter is not going to be the deciding factor of your resume getting a look by an actual person

@EmilyGloeggler7984 Месяц назад

Neither will a letter of recommendation or a detailed resume. Travis is in for a rude reality check.

@jayesimond9301 Месяц назад

It depends on the professional field & type of position applied to. Some are more formal than others. Forwarding a resume for a CFO position at an investment firm will present much differently than one for a postal clerk job.

@Lonovavir Месяц назад

Good luck getting a person to look at your resume. I applied for a job back in 2018 and within a day 400 had applied for it.

@MavRick69 Месяц назад

At big companies, resumes are run through screeners. If they make it through that, HR looks at and maybe a call from them. If you make it through that, you may get an initial interview with hiring manager. It’s bonkers

@Lonovavir Месяц назад

@MavRick69 : Ironically, there are very few humans in Human Resource departments. One also needs to use buzzwords to get past the computer screening.

@phobedavis7014 Месяц назад

The question should also be does the new job pay the same salary as the job you were laid off from? That is going to impact the economy as well.

@joserivera7349 Месяц назад

Thanks for another great video. Takes a lot of work!

@bbow4972 Месяц назад

I’m going through the process of hiring a junior data analyst and i will say that i do like it when the candidate includes a cover letter. So few people do, especially younger job applicants, but to me it shows that you’re not just clicking apply on 100 postings but actually taking the time to understand what we’re looking for. I’ve literally taken more consideration for someone with an ok resume just because they took the time to write a cover letter so 100% on that point.

@rejenerate1 Месяц назад

Good to know. When I’ve job searched in the past I reserved taking the extra time with customizing my resume and cover letter for a select few jobs I was most interested in and best suited for. Wide net for everything else.

@dinapage1 Месяц назад

Holy crap Trav!!! Just noticed you went over 100k!!! Congrats!!!❤🎉

@jojojojojojojo7013 Месяц назад

So what you're saying is they are lying to us? 😳. Great video.

@user-wn3kc7lq3q Месяц назад

My daughter's company doing traveling nurse placements killed it during covid. Now announced across the board 50% paycuts

@dwcola Месяц назад

You ain't seen nothin yet kid. Wait until the 3 TRILLION of small business loans due this year need to be refinanced. They can barely keep the doors open "BEFORE" they have to refinance. It's all gonna start crashing end of 2024. 2025 is gonna be an absolute Beating.

@tribbybueno Месяц назад

i work for a small (about 100 people) AV company based out of IL. I'm under NDA so I can't name it but we just laid off almost 20% of our workforce, all highly paid speciality positions (management/IT/engineering)

@magicalwishes7715 Месяц назад

My daughter got laid off with farmers insurance in California. All the insurance companies here are moving out. She got a job again with another agency but guess what it’s only part time and it doesn’t pay nothing so she’s trying to struggle to get ahead just like everybody else is out here so it’s getting worse by the day. In fact I was gonna ask you can you loan me some money?❤

@jjjonis245 Месяц назад

Who would insure a house built on a mud slide, or a forest fire threat? That’s like a drunk with 3 DUI’s asking for car insurance. You should start an insurance company and see what it’s really about. I hope your daughter didn’t go to college to obtain such a lame job.

@brianmatthews4149 Месяц назад

Call Jake.

@karenjensen2345 Месяц назад

I work for a giant company. We were told yesterday there would be more outsourcing and more jobs lost to Digitizing and AI. The timeline is sketchy though.....

@yeseniapastor7165 Месяц назад

I can't take this government anymore

@davidhulce6540 Месяц назад

Time to tighten the belt and cancel all the subscriptions and TV

@justindressler5992 Месяц назад

Deflation is vary hard companies like target can't just discount they have to renogiate prices with suppliers. Suppliers have to reduce costs, which means firings or drop wages and so on. There are supply chains that stand in the way.

@SomeUserNameBlahBlah Месяц назад

Doom loop.

@BufordTGleason Месяц назад

Reminds me of my Xerox days when I skirted office and admin consolidations from 1987-2007… Great people, great times especially early on. The Separation process when my office closed was generous even in those days we were given I think a year notice of what was happening so people could plan. It really was a different world that is gone forever These Walmart folks will find their institutional knowledge is not worth much on the outside. Hope they can reinvent themselves and find a way. Even though I’ve been free for over 4 years, Corporate office workers understand the environment since 2008 with low raises, unrealistic expectations and tag team attacks from Management and HR has very little to offer.

@wednesdaytheblackcat7385 Месяц назад

My husband was laid off on his 25th year (with 6 months pay and 6 months health insurance) at his company, this March. He works in IT. He knew it was coming, but didn’t know when it would happen. About 5 weeks prior to his layoff, my stepmother died and left me the brown$tone in Brooklyn. So, the timing of his layoff was perfect. Our biggest concern is health insurance, now. When that ends in a couple of months, we’re looking at paying maybe $2K a month. Maybe more. That’s wild.

@brianmatthews4149 Месяц назад

Yep that's the new house payment.

@tylerjoy3056 25 дней назад

Gig economy worker here for 4+ years ( full time ) - I can say in my travels that the work flow is very uneven. Strong in some cities, terrible in others. Tied to people’s home equity , I’m sure. As home value drops begin to spread around the country, people will become less generous. Funneling as much of my resources as I can into my other 5+ year old business as I can in order to pivot as needed. Everyone should have a plan “b” , plan c & plan d

@staceyward1577 Месяц назад

My cousin was a Director at Pfizer. 30 years with them. Got layed off 4 months ago

@staceygantt1119 Месяц назад

You never dedicate your career to one employer. 30 years and only a Director, he should've been a high level Executive leader at 30 years.

@arizonan1 Месяц назад

Overstayed his welcome.

@khaitran3709 Месяц назад

And yet.. The NFL are raising there ticket price this year!

@shannondavis5728 27 дней назад

absolutely correct….run the numbers….data is being manipulated & prices aren’t sustainable!!!!!!

@michaelkuch5811 Месяц назад

There is no "right" person to vote for - both parties run up deficits 😫

@tobyk5149 Месяц назад

RFK jr

@Johnny-Utah-91 Месяц назад

This is a recession like the one in the early 2000’s. Somewhat mild but stiff affected millions. I don’t know that it will be as bad as 2009.

@raymond_sycamore Месяц назад

Sorry Gen Z, but I graduated from college in 2011. It is nowhere near as bad this time. Hopefully you didn’t take out $100k for a bullshit degree 😅

@davidmann2524 Месяц назад

Its different. If you graduated college in 2011 that's not that bad, there were some jobs coming around by then. Its the people that graduated 08-09 that got crushed. Now the difference is there are jobs, but these kids can't afford independence at this point. Different situation. The bad part hasn't even happened yet, the yield curve has only been this inverted three times 1929, 1974, and 08. The worst is yet to come. With your attitude I hope you lose your job, I think you need some perspective.

@gfish9636 Месяц назад

Lol. It's gonna be much worse.

@SomeUserNameBlahBlah Месяц назад

@@davidmann2524 Yield curve hasn't been this inverted for this long since 1929. We've surpassed all others.

@nick1801 Месяц назад

@@davidmann2524 2011 is when jobs may have started coming back for people with experience, but there were hardly any entry level degree-requiring jobs at that time. The few that were are jobs that graduates were overqualified and underpaid to do.

@davidmann2524 Месяц назад

@@nick1801 that hasn't changed in a long time. Almost everyone starts in trash entry level jobs now that didn't require college two decades ago.

@jaymellathomas7958 28 дней назад

Thanks Travis…praying for a turnaround in this crazy economy…ugh🙁🙁

@thomaschew2191 29 дней назад

In 2018 we were spending $1400/month at the grocery store. Today, with +/- 20% inflation, we are spending $600/month at the grocery store and eating considerably better. Careful budgeting, careful planning and fiscal discipline are the key. Get out of debt, make it a priority, save some monies and budget.

@Throughtheopendoor Месяц назад

Standard of iving = GDP/capita. Consumption is part of the GDP formula. Ergo, to improve your standard of living, consume more.

@marengoczar5035 Месяц назад

Yeah, you wouldn't expect solutions to get better. There will be a reduction in spending and raising some taxes.

@fakeperson4069 Месяц назад

Bonkers ❤🎉😊

@marceloarboleda2980 Месяц назад

I hope YOU Heal.

@drivethrupoet Месяц назад

This didn't go far enough back to capture all of Dell in 2023. I was laid off with an additional 5,000 in Feb 2023 AND another 5k in Aug-Sept they kept real quiet about. So around 10 to 12k for Dell in 2023. Still unemployed and my unemployment checks ran out last Oct. The unemployment rate is likely TWICE those numbers.

@greyballer1671 Месяц назад

Bonkers!!

@user-ih6kq3ku4z Месяц назад

There is absolutely nothing wrong with working from home as long as the workload from home and from the office are the same and the work production is affective.

@kimberlyperez4602 28 дней назад

My husband is a LO, but had to leave his company in January because he was 100% commission and wasn't making any money. He had been with them for 12 years. The mortgage industry is not great right now so just limping by with part time jobs. Luckily my husband plans for these slow downs in business and we had a good EFund in place and we don't have any debts besides our mortgage.

@ransomemckissick8184 Месяц назад

Travis, I am a paralegal with 16 years experience and I have a friend who is a bookkeeper with 10 years experience, and neither of us is getting a second look in our respective job searches! My hypothesis is that we are both competing with new college grads for jobs. Based on what you are saying, that is not necessarily the case!

@jayesimond9301 Месяц назад

Been facing same situation. The idea is to get as many interviews as possible. In interviews hinted that I was willing to take a pay cut compared to previous job, so I essentially suggested to employer that he’d get a better deal w/me by paying me close to same as young college grads while getting someone far more experienced than 20-smthg applicants. W/n 3 months I got 1st pay raise, and by 1st anniversary, making same as I did at old job. Push on through.

@ANGELCRYPT0 29 дней назад

Stacking my Sats and XRP 😊

@artemishumaan6984 Месяц назад

What people don’t realize is that what economist fear the most is deflation because it is harder to recover from because if feeds upon itself more viciously than inflation. This inflation is not immediately taking affect on Americans because most are addicted to over spending unlike the depression era generation. This behavior of the depression era generation is the low bar that Americans can and will go back to and that will destroy businesses in tiers. If everyone only bought essentials, then businesses will die and layoffs will be massive to a point of equilibrium. Bottom line, if you own your house and car then you are in a good spot for the worst of the problem. If they inflation away you money you will still have a roof over your head and a vehicle to forage for food.

@drivethrupoet Месяц назад

It's happening right now! Look at the number of new channels on YT providing recipes for the least expensive meals possible. And the reason for the continued spending is that the wealth gap is growing so quickly, it is the real life meme of "the rich just getting richer while the poor get poorer" more than ever SINCE the great depression. 2020 post pandemic created a lot of millionaires while the middle class got crushed.

@alfonsoramos139 Месяц назад

Rent in California is behond 2000 to. 35000. In a year, incredible we start 950.00. 7. Years ago

@miltonaldridge4170 Месяц назад

Nice. Hopefully, the rents come back down. Unfortunately, there are too many people in charge who don't want that to happen.

@spongebob-ek1fp Месяц назад

Update , those new homes in nwa went from for sale to pending to for sale again to pending and now they are all for lease. What's that about. They even stopped digging new foundations on the empty lots in between some of the ones they have already under construction.

@NextBitePlz Месяц назад

We need way more layoffs. people who have been partying it up the last few years are about the pay to the bill. For the rest of us who's been prepping..we cannot wait for the full crash to take effect.

@user-bn3vf1th3e Месяц назад

Was at a recent Fed seminar with many local company companies. Fed was of course optimistic with a "soft" landing over the next two years. Possible rate cut in 4th qtr and another going into 2025 with an uptick in GDP in 2026. However , the real deal is that unemployment four our area is holding at 3.8% , which is deceiving. The item not being reported is the OT hours that many people used to budget over the last several years has disappeared. This has caused spouses or others to go back into the workforce in some service sectors to offset the loss of OT. Now the coming issue is that as inflation remains high , people will cut back and those service jobs will start to disappear. So, OT is gone and now the supplemental income is gone also leaving many people over extended. Going into the election will be interesting and 2025 might be very similar to 2008 ish.