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02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
01/24/2023
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By JD Heyes
Biden’s economy: Major companies continue to lay off thousands of workers as recession worsens
The Democratic left’s grotesque hypocrisy continues to be exposed the longer Joe Biden’s disastrous presidency lasts. The deep state-aligned ‘Justice’ Department only cracks down on conservatives; Biden’s document scandal is getting worse without much of a mention in the Democrat-aligned press; two quarters of negative growth is no longer considered the telltale sign of a […]
01/23/2023
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By Cassie B.
Microsoft to cut 10,000 jobs in latest Big Tech layoffs
Microsoft has joined a wave of other tech companies in announcing mass layoffs, cutting around five percent of its overall workforce. A securities filing last week noted that they would be laying off 10,000 employees as part of a range of measures aimed at cutting costs in the wake of economic uncertainty. Ahead of the […]
01/19/2023
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By News Editors
These major companies are laying off workers at a huge rate
Large companies across various sectors are laying off workers at staggering rates, putting the state of the economy in question. (Article by Ronn Blitzer republished from FoxBusiness.com) Among the latest announcements is Microsoft, which said Wednesday the company plans to cut 10,000 workers after shares of Microsoft fell more than 20% during the past 12 months. An […]
01/10/2023
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By Ethan Huff
NOT LOVIN’ IT: McDonald’s to lay off many of its 200,000 corporate employees in coming months
Starting in April of 2023, the McDonald’s fast-food chain is planning to lay off thousands of people from within its corporate structure. CEO Chris Kempczinski wrote in a memo that the company is “unfocused” and in need of some serious trimming. With roughly 200,000 people working in corporate roles at McDonald’s, there are plenty of […]
12/22/2022
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By Arsenio Toledo
Amazon becomes first company ever to lose $1 trillion in market value
Amazon just lost $1 trillion in market cap value, the largest loss in market value ever recorded by any publicly traded company. In July 2021, the company had a market value of a near-record breaking close of $1.88 trillion. But the tech giant’s shares dropped 4.3 percent in value in November, lowering the company’s market […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
11/23/2022
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By Arsenio Toledo
Fewer Amazon shoppers are satisfied with the company’s services
Recent information from Amazon finds that customer satisfaction has slipped to one of its lowest points since 2000, the year a private firm began tracking consumer enthusiasm for the country’s largest online retailer. Investment banking and financial advisory firm Evercore ISI publishes its yearly American Consumer Satisfaction Index, which tracks customer approval of more than […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
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